Which of the Following Best Explains an Economic Criticism of Unregulated

question 30

Multiple Choice

Which of the following best explains an economic criticism of unregulated monopolists?

• A) Monopolists do not try to minimize their fixed costs of production.
• B) Monopolists produce where marginal revenue is greater than marginal costs.
• C) Monopolists attempt to produce too many products, and as a result, their prices are high, and consumer's waste time trying to choose between too many options.
• D) Monopolists restrict output, and as a result, they fail to produce units that are valued more than the marginal cost of producing them.

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