Monopolies are inefficient because Select one: O a. they maximize profits. O b. they price discriminate....

 

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Monopolies are inefficient because Select one: O a. they maximize profits. O b. they price discriminate. c. they always make above-normal profits. O d. they charge a price above marginal cost. Monopolies are inefficient because Select one: O a. they maximize profits. O b. they price discriminate. c. they always make above-normal profits. O d. they charge a price above marginal cost.

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Monopolies happen when a single firm or a single producer is the only supplier in the economy It is ... View the full answer