Monopolists are said to be allocatively inefficient because:

Related MCQs

• When aggregate economic activity is increasing, the economy is said to be in:
• When aggregate economic activity is declining, the economy is said to be in:
• Price is constant or "given" to the individual firm selling in a purely competitive market because:
• Branding can be good for society because:
• Microeconomic theory assumes that all firms maximize profits because
• For a monopolist, marginal revenue is always less than price because
• A firm under monopolistic competition advertise because
• In long run the monopolist can earn abnormal profit because of