Under monopoly,there are
A)unexploited gains from trade.
B)many competitors.
C)advantages of heterogeneous products.
D)problems of easy entry.

Question

Quizplus · Accepted Answer

Under monopoly, there is only one producer in the market, which means that there are unexploited gains from trade as the producer can charge a higher price than what would be charged in a competitive market, resulting in a loss to consumers and unexploited surplus.

Under Monopoly,there Are