Monopoly Is Allocatively Inefficient Because

question 100

Multiple Choice

Monopoly is allocatively inefficient because

• A) the price exceeds the marginal cost of the last unit produced.
• B) the firm has no incentive to maximize profits.
• C) the opportunity cost exceeds the marginal cost of the last unit produced.
• D) the marginal cost exceeds the average cost for the last unit produced.
• E) lower costs could be achieved.

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