Economists Argue That If an Economy Is Highly Monopolized

question 76

Multiple Choice

Economists argue that if an economy is highly monopolized:

• A) it will have higher prices for its goods and services than a more competitive economy.
• B) its average costs of production will be less than the average costs of production in a more competitive economy.
• C) it will have higher inflation rates than a more competitive economy.
• D) it will have lower inflation rates than a more competitive economy.

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