Question

Which statement is false?

A monopoly sells lower-quality products at higher prices than in a perfect competition.
Natural monopolies are necessary to avoid wasteful duplication of resources.
Collusion is legal in the United States, but cartels are not.
The start-up costs in a monopolistically competitive industry are low.
Homogeneous products leave consumers with no choice.

Answer 1

The one that is wrong is (D)

(The start-up costs in a monopolistic-ally competitive industry are low

Step-by-step explanation:

Answer 2

the false statement from the following options above is :
The start-up costs in a monopolistic ally competitive industry are low

In a typically monopolistic market, there will always be an extremely high fixed cost of distribution, which make the start-up cost unbelievably high

hope this helps