Which statement is correct?
A) Monopolist firms tend to be more internally efficient than competitive firms because they have a single goal of profit maximization.
B) Monopolist firms are sheltered from competitive forces and such an environment makes them subject to X-inefficiency.
C) Monopolist firms are in industries with low barriers to entry that tend to lower the cost of producing products.
D) Competitive firms tend to be more efficient than monopolist firms because they maximize per-unit profits,not total profits.
Correct Answer:
Verified
Q85: Some firms in the technology sector have
Q86: Q89: Efforts by corporate lobbyists to obtain a Q91: The economic incentive for price discrimination depends Q92: Which would be evidence of price discrimination Q93: Some firms in the technology sector have Q94: In general,the amount of X-inefficiency in an Q95: Which is true of price discrimination? Q193: Price discrimination is more common in service Q194: To practice long-run price discrimination, a monopolist![]()
A) Successful
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