Multiple Choice
Under monopoly we have "unexploited gains from trade" because
A) if the firm were competitive it would have increased output in the long run.
B) if the firm were competitive it would have decreased output in the long run.
C) if the firm were competitive it would have not changed output in the long run.
D) the FCC is always trying to regulate it.
Correct Answer:
Verified
Correct Answer:
Verified
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