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Which of the Following Is a Valid Criticism of Unregulated

Question 154

Multiple Choice

Which of the following is a valid criticism of unregulated monopoly?


A) Monopoly limits the options available to consumers.
B) Relative to a competitive market, a monopolist generally will produce too great an output.
C) Profit-maximizing monopolists will fail to produce at the lowest possible cost.
D) A monopoly's output will often be more than if the market were competitive.

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