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4 September, 18:26

Which statement is false?

A monopoly sells lower-quality products at higher prices than in a perfect competition.

Natural monopolies are necessary to avoid wasteful duplication of resources.

Collusion is legal in the United States, but cartels are not.

The start-up costs in a monopolistically competitive industry are low.

Homogeneous products leave consumers with no choice.

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  1. 4 September, 18:49
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    The answer is The start-up costs in a monopolistically competitive industry are low.
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