When comparing the market price of an input in a market characterized

When comparing the market price of an input in a market characterized by bilateral monopoly to a perfectly competitive price

A) the bilateral monopoly price is always higher than the competitive price.
B) there is no difference; the bilateral monopoly price equals the competitive price.
C) the bilateral monopoly price is always less than the competitive price.
D) the bilateral monopoly price can be higher than, lower than, or equal to the competitive price.

ANSWER

D