Market failure occurs in natural monopolies becausea the, Ask an Expert

Economics

Market failure occurs in natural monopolies because

a. the monopolist fails to maximize profit

b. the monopolist charges a price lower than marginal cost

c. consumers get inaccurate information about the opportunity cost of the product

d. consumers are not willing to pay the price that the monopolist charges

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91372658

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