Business, 27.01.2020 21:31 jocelynfray16

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. c. collusion is legal in the united states, but cartels are not. d. the start-up costs in a monopolistically competitive industry are low. e. homogeneous products leave consumers with no choice.

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