Business, 14.06.2021 15:50 koboshy23

An important economic problem associated with monopolies is that, at the profit-maximizing equilibrium rate of output, resources are:. a. there are no economic problems re monopolies; it's all in your head. b. wasted and firms always charge any price (typically the highest possible) they want. c. underallocated (i. e., not enough is being made) because marginal cost exceeds price. d. underallocated because price exceeds marginal cost. e. overallocated (1.e., too much is being made) because price exceeds marginal cost.

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An important economic problem associated with monopolies is that, at the profit-maximizing equilibri...

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