Ask Question
8 December, 21:38

In 1 or 2 sentences, explain whether a monopolist uses resources efficiently.

+2
Answers (2)
  1. 8 December, 23:14
    0
    It depends on the monopolist, it's in their best interest to use resource efficiently though because it can result in more profit naturally
  2. 8 December, 23:45
    0
    The price and quantity chosen by the monopolist are not equilibrium levels. Therefore resources are not being used efficiently.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In 1 or 2 sentences, explain whether a monopolist uses resources efficiently. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers