jimlee4450 jimlee4450

08-05-2024
Business

Answered

Which of the following descriptions of monopolies' tendency to be socially inefficient is incorrect?
a. Monopolies charge prices above the marginal cost
b. Monopolies create deadweight loss
c. Monopolies produce fewer units than in competitive markets
d. Monopolies don't engage in rent-seeking behavior, as firms do in perfectly competitive markets.

Answer :

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