History

1 June, 01:39

Which statement is false?

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

B) Natural monopolies are necessary to avoid wasteful duplication of resources. Collusion is legal in the United States, but cartels are not.

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

D) Homogeneous products leave consumers with no choice.

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