Economists often compare perfect competition and monopoly. They criticise monopolies for producing _________and charging ________.

Name: Economists often compare perfect competition and monopoly. They criticise monopolies for producing _________and charging ________.
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Economists criticize monopolies for producing less quantity and charging higher prices compared to perfect competition, due to the lack of competition and the control monopolies have over the market.

Economists Often Compare Perfect Competition and Monopoly