Comprehension Passage

Question Label : Comprehension : Consider the following diagram : Social Costs of Monopoly Power

[Diagram]

Here (i) X-axis measures quantity

(ii) Y-axis measures price per unit (R$/Q)

(iii) Pc = competitive price

(iv) Pm = Monopoly price

(v) Qc = competitive output

(vi) Qm = monopoly output

Choose the correct answer from the following alternatives:

Monopoly output is environment friendly comparative to competitive output

Competitive output is environment friendly comparative to monopoly output

Both (1) and (2) are equally harmfull

Both (1) and (2) are environmental friendly equally