Which of the Following Is a Major Criticism of a Monopoly

Multiple Choice

Which of the following is a major criticism of a monopoly as a cause of allocative inefficiency?

A) A monopolist fails to expand output to the level where the consumers' evaluation of an additional unit is just equal to its opportunity cost
B) A monopolist has no incentive to produce efficiently, because even if it pays no attention to the costs of production, it will be guaranteed an economic profit
C) A monopolist will always make profits therefore providing an incentive to keep prices at the level that maximizes consumer surplus
D) A monopolist has an advantage because it can purchase the resources in a competitive market
E) Consumer surplus would no longer be equal to producer surplus