In addition to misallocating resources,monopolists are also accused of
A) being slow to innovate and adopt new technologies.
B) equating average costs with demand.
C) producing more of a good than society can absorb.
D) charging the highest prices they can possibly get.
E) maximizing per unit profits rather than total profits.

Question

Quizplus · Accepted Answer

Monopolists may lack competitive pressure to innovate and adopt new technologies, leading to inefficiencies and slower progress compared to competitive markets.

In Addition to Misallocating Resources,monopolists Are Also Accused of