All of the following except one are valid defenses for monopoly.Which is the exception?
A)A monopoly will more likely have economies of scale than will a competitive industry.
B)Assuming it has the same costs as a competitive industry,a monopoly generally produces higher outputs.
C)There will usually be a greater amount of research and development with a monopoly than with a competitive industry.
D)Monopolies can generally offer better salaries and working conditions for their employees than can a competitive industry.

Question

Quizplus · Accepted Answer

A monopoly, unlike a competitive industry, typically produces lower outputs because it restricts production to increase prices and profits, contrary to the assertion in option B.

All of the Following Except One Are Valid Defenses for Monopoly.Which