All of the Following Except One Are Valid Defenses for Monopoly.Which

question 74

Multiple Choice

All of the following except one are valid defenses for monopoly.Which is the exception?

• A)A monopoly will more likely have economies of scale than will a competitive industry.
• B)Assuming it has the same costs as a competitive industry,a monopoly generally produces higher outputs.
• C)There will usually be a greater amount of research and development with a monopoly than with a competitive industry.
• D)Monopolies can generally offer better salaries and working conditions for their employees than can a competitive industry.

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