Consumer dissatisfaction with monopolies is justified becase... A. Monopolies produce too much, wasting resources. B. Th
Posted: Sun Jul 03, 2022 6:55 am
Consumer dissatisfaction with monopolies is justified becase... A. Monopolies produce too much, wasting resources. B. They face higher prices and limited output. C. Monopolies produce low-quality goods and services. D. Those with the highest willingness-to-pay are squeezed out of the market. E. Because of limited choice, utility is not maximized. F. Costs of production are very high.