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Business, 07.01.2020 01:31 brendahndz8676

Monopolists do not worry about efficient production and minimizing costs since they can just pass along any increase in costs to their consumers." this statement is

a. false; price increases will mean fewer sales, which may lower profits.
b. true; this is the primary reason why economists believe that monopolies result in economic inefficiency.
c. false; the monopolist is a price taker.
d. true; consumers in a monopoly market have no substitutes to turn to when the monopolist raises prices

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