Which statement is false?
a) a monopoly sells lower-quality products at higher prices than in...
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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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