Monopolies are inefficient because
A) they price discriminate.
B) they maximize profits.
C) they always make above-normal profits.
D) they charge a price above marginal cost.
Correct Answer:
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Q353: When comparing perfect competition and monopoly, a
Q354: Q355: Which of the following is a TRUE Q356: Compared to an efficient perfectly competitive industry, Q357: Conclusions about the misallocation of resources under Q359: Which of the following statements is TRUE Q360: Economists criticize monopolies because monopolies Q361: Deadweight loss is Q362: Economic inefficiency of a monopoly occurs because Q363: Which of the following statements with respect
A) always price
A) the amount of taxes
A)
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