The higher prices charged by monopolists
A) are like a private tax that redistributes income from consumers to monopoly sellers.
B) are socially optimal because they better reflect how much society values the good relative to the resources used to produce it.
C) return to consumers through the public goods provided by monopolies.
D) have no effect on the distribution of income.
Correct Answer:
Verified
Q289: A monopoly results in productive inefficiency because
Q290: Q291: Q292: In which one of the following market Q293: Monopolists are said to be allocatively inefficient Q295: Which is a major criticism of a Q296: Q297: The gains to monopolists from exercising market Q298: There is some evidence to suggest that Q299: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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