Business, 13.11.2019 20:31 destinywashere101

In monopoly:
a. consumers are faced with prices that are lower than marginal revenue.
b. consumers are confronted with a price that is lower than average total cost.
c. consumers are confronted with a price that is lower than marginal cost.
d. consumers will consume more of the good than is economically efficient.
e. because p > mc, a basic condition for efficiency is violated.

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In monopoly:
a. consumers are faced with prices that are lower than marginal revenue.
...

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