Monopolists Are Criticized Because They Are Inefficient

question 191

Multiple Choice

Monopolists are criticized because they are inefficient. What is meant by this statement?

• A) Monopolists charge too high a price.
• B) Monopolists don't innovate enough to control pollution.
• C) Monopolists produce a large quantity of waste.
• D) Monopolists usually don't produce at the minimum of the ATC.
• E) Monopolists could use their resources better elsewhere.

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Definitions:

Self-esteem

A measure of how much you value, respect, and feel confident about yourself.

Evaluation

The act of assessing or examining something to ascertain its significance, quality, or condition at a given time.

Competent

Having the necessary ability, knowledge, or skill to do something successfully.

Significant

In statistics, refers to results that are unlikely to occur by chance alone, indicating a meaningful difference or relationship.