Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
jugganuts jugganuts
wrote...
Go to Answer
Posts: 143
Rep: 0 0
A year ago
Why is monopoly allocatively inefficient?

▸ because the firm has no incentive to maximize profits

▸ because the marginal cost exceeds the average cost for the last unit produced

▸ because the opportunity cost exceeds the marginal cost of the last unit produced

▸ because the price exceeds the marginal cost of the last unit produced

▸ because lower costs could be achieved
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 24 times
1 Reply
Replies
Answer verified by a subject expert
omolola69omolola69
wrote...
#1
Posts: 122
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jugganuts Author
wrote...

A year ago
Brilliant ツ
africa143
wrote...

Yesterday
Thanks for your help!!
Cdfields
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  712 People Browsing
 115 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4451
  
 221
  
 3433
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 432
Previous poll results: Should Ph.D.'s be addressed as doctors?