The Higher Prices Charged by Monopolists

question 26

Multiple Choice

The higher prices charged by monopolists

• A) are like a private tax that redistributes income from consumers to monopoly sellers.
• B) are socially optimal because they better reflect how much society values the good relative to the resources used to produce it.
• C) return to consumers through the public goods provided by monopolies.
• D) have no effect on the distribution of income.

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