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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 11: Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
  5. Question
    According to Economists, Although a Monopoly's Price Will Be Higher
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According to Economists, Although a Monopoly's Price Will Be Higher

Question 30

Question 30

True/False

According to economists, although a monopoly's price will be higher than a perfectly competitive firm's price when both produce the same good, the monopoly produces the good more efficiently.

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