Select the correct answer. Which statement is false?
• A.
A monopoly sells lower-quality products at higher prices than in à perfect competition.
• B.
Natural monopolies are necessary to avoid wasteful duplication of resources.
• C.
Collusion is legal in the United States, but cartels are not.
• D.
The start-up costs in a monopolistically competitive industry are low.
© E.
Homogeneous products leave consumers with no choice.