Which of the following market structures is likely to have the lowest productivity,given identical inputs?

Name: Which of the following market structures is likely to have the lowest productivity,given identical inputs?
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Question

Quizplus · Accepted Answer

A monopoly is likely to have the lowest productivity given identical inputs because there is no competition to drive innovation and efficiency. The monopolist has no incentive to improve production processes or reduce costs, as they have no rivals to outperform.

Which of the Following Market Structures Is Likely to Have