.The problem or problems of Monopolies are:
(8 Points) A. Creates barrieers to entry for new businesses B. High prices for consumers C. Low wages for workers in that industry D. All of the Above

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lexibaby123444pcfpri lexibaby123444pcfpri

04-11-2021
Social Studies

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.The problem or problems of Monopolies are:
(8 Points) A. Creates barrieers to entry for new businesses B. High prices for consumers C. Low wages for workers in that industry D. All of the Above

Sagot :

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chepgill24 chepgill24 · Answer 1 · 2021-11-04T10:18:12-04:00

chepgill24 chepgill24

04-11-2021

Answer: The most noted monopoly problem is inefficiency. Market control means that a monopoly charges a higher price and produces less output than would be achieved under perfect competition. In addition, and most indicative of inefficiency, the price charged by the monopoly is greater than the marginal cost of production.

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