Monopoly Leads to an Inefficient Level of the Production of Goods.This

question 73

Multiple Choice

Monopoly leads to an inefficient level of the production of goods.This means that

• A) the total social benefit is not as high as it could be.
• B) the monopolist's production costs are higher than necessary.
• C) government tax collected from the monopolist is less than it might be.
• D) externalities are not as large as they should be.
• E) fewer people are employed than might be.

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