Multiple Choice
Many economists criticize monopolists because they produce at output levels that are not efficient, that is to say, monopolists
A) charge too high a price
B) don't innovate
C) produce a large quantity of waste
D) usually don't produce at their minimum ATC
E) may be profit conscious but they don't realize that maximum profit means maximum efficiency
Correct Answer:
Verified
Correct Answer:
Verified
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