How does a monopoly differ from a perfectly competitive industry with the same costs? * The monopoly produces where MR = MC. The monopoly earns normal profit in the long run. The monopoly charges a...

Extracted text: How does a monopoly differ from a perfectly competitive industry with the same costs? * The monopoly produces where MR = MC. The monopoly earns normal profit in the long run. The monopoly charges a lower price. The monopoly produces a smaller quantity. O The monopoly can sell as many units as it wants at the equilibrium price.