A Feature of Monopoly That Leads to Unfavorable Consequences Is

question 233

Multiple Choice

A feature of monopoly that leads to unfavorable consequences is that it:

• A) increases income inequality.
• B) sets marginal cost equal to price.
• C) produces more output than if perfectly competitive firms characterized the same industry.
• D) charges a lower price than if perfectly competitive firms characterized the same industry.

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Definitions:

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