Which of the following is true under unregulated monopoly?
A) Monopoly results in more output than under pure competition.
B) Monopoly results in a more efficient allocation of resources than competition.
C) Monopoly expands the choices available to consumers.
D) Monopoly results in lower output and higher prices than competition.

Question

Quizplus · Accepted Answer

Under an unregulated monopoly, the monopolist restricts output to maximize profits, leading to lower output and higher prices compared to a competitive market.

Which of the Following Is True Under Unregulated Monopoly