The case against monopoly is based on the following?
A) Monopolies are successful producers.
B) Monopolies are efficient resource allocators.
C) Monopolies are very innovative.
D) Monopolies charge a higher price than would be under perfect competition.

Question

Quizplus · Accepted Answer

The case against monopoly is based on the fact that monopolies charge higher prices than what would prevail under perfect competition. This is due to their ability to control the market and limit competition. Monopolies are not necessarily successful producers, efficient resource allocators, or very innovative.

The Case Against Monopoly Is Based on the Following