When comparing a monopoly to a perfectly competitive industry at the equilibrium point,we find that monopoly is:
A)inefficient because it charges higher prices.
B)inefficient because it generates less output.
C)efficient because it generate more output due to economies of scale.
D)is neither efficient nor inefficient.

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The Answer of When comparing a monopoly to a perfectly competitive industry at the equilibrium point,we find that monopoly is:
A)inefficient because it charges higher prices.
B)inefficient because it generates less output.
C)efficient because it generate more output due to economies of scale.
D)is neither efficient nor inefficient.

When Comparing a Monopoly to a Perfectly Competitive Industry at the Equilibrium