Question: Why are monopoly markets not always technically efficient? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.

Why are monopoly markets not always technically efficient? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a They do not need to achieve technical efficiency to ensure they do not earn economic losses. b They enjoy lower cost structures than competitive firms. c They are managed by careful management teams that answer to watchful shareholders. d They are able to develop advantageous technical expertise due to their monopoly status

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