Single-Price Monopoly Is Inefficient Because

question 45

Multiple Choice

Single-price monopoly is inefficient because

• A)side payments are not made
• B)a monopoly firm charges a price that exceeds its marginal cost
• C)a monopoly firm charges a price equal to its marginal cost
• D)a monopoly firm produces the quantity at which P = MR = MC.
• E)a monopoly firm produces the quantity at which MR = MC.

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