A monopoly's consumers' marginal benefit is less than its marginal cost.

Name: A monopoly's consumers' marginal benefit is less than its marginal cost.
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In a monopoly, the price charged to consumers is typically higher than the marginal cost, reflecting the monopolist's market power to set prices above costs, but this does not necessarily mean consumers' marginal benefit is less than the marginal cost. Consumers will only purchase the product if their marginal benefit is at least equal to the price.

A Monopoly's Consumers' Marginal Benefit Is Less Than Its Marginal