Question

PLEASE HELP PLATO USER

(ECONOMICS)
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.
C.
Collusion is legal in the United States, but cartels are not.
D.
The start-up costs in a monopolistically competitive industry are low.
E.
Homogeneous products leave consumers with no choice.

Answer 1

C.

Collusion is legal in the United States, but cartels are not.