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Traditionally, Economists Have Regarded Monopoly as an Undesirable Market Structure

Question 49

Multiple Choice

Traditionally, economists have regarded monopoly as an undesirable market structure because


A) of its innovative tendencies.
B) it is usually characterized by wastefully confrontational labour relations.
C) of its ability to minimize costs through large output.
D) it is allocatively inefficient.
E) it allows producers to earn large profits.

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