Explain whether a monopolist uses resources efficiently.

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asked Jun 13, 2018 125k views

1 Answer

Dani Vijay · Answer 1 · 2018-06-20T07:31:43+0000

Yes they do as they take control of what ever product/s they are selling in the area as they are the only ones selling the product/s and must use everything they have available to make as many as possible as quickly as possible.

Explain whether a monopolist uses resources efficiently.

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