Which of the Following Statements Is Correct

question 325

Multiple Choice

Which of the following statements is correct?

• A)Monopoly firms tend to be more internally efficient than competitive firms because they have a single goal of profit maximization.
• B)Monopoly firms are sheltered from competitive forces, and such an environment makes them subject to X-inefficiency.
• C)Monopoly firms are in industries with low barriers to entry that tend to lower the cost of producing products.
• D)Competitive firms tend to be more efficient than monopolist firms because they maximize per unit profits, not total profits.