In the real world,a monopolist's costs will often be
A)lower than for a firm in a competitive industry.
B)equal to the costs of a firm in a competitive industry.
C)higher than for a firm in a competitive industry.
D)almost zero.

Question

Quizplus · Accepted Answer

Monopolists often have higher costs than firms in competitive industries due to lack of competition driving down costs and the potential for reduced economies of scale.

In the Real World,a Monopolist's Costs Will Often Be