One Problem Associated with a Monopoly Firm Is That It

question 272

Multiple Choice

One problem associated with a monopoly firm is that it

• A) produces too little output but also charges a low price.
• B) produces too much output and charges too low a price.
• C) restricts output and charges a relatively higher price than a purely competitive firm.
• D) is just as good as a purely competitive firm in terms of output and price.

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