An Unregulated Monopolist Is Inefficient Because

question 95

Multiple Choice

An unregulated monopolist is inefficient because:

• A)the monopolist has no incentive to minimize costs of production.
• B)the MC of the last unit produced exceeds market price.
• C)price exceeds MC at the profit maximizing output.
• D)not all market demand is satisfied at the profit- maximizing price.

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