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Under Normal Monopoly, Price Exceeds Marginal Cost, Which Implies That

Question 64

Multiple Choice

Under normal monopoly, price exceeds marginal cost, which implies that the:


A) total cost to society of producing output is less than the total benefit.
B) total benefit to society of producing output is less than the total cost.
C) marginal cost to society of increasing output is lower than the marginal benefit.
D) marginal cost to society of increasing output is greater than the marginal benefit.

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