Question

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.

Answer 1

The answer is C because a monoply is where there is only one company and since there is no competition, they charge the highest.

Answer 2

A is the answer you are looking for