A monopoly markets are more efficient than competitive markets. (True or false)?

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asked Aug 2, 2024 233k views

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Zain Shaikh · Answer 1 · 2024-08-06T12:54:05+0000

Answer: False

Explanation: Monopoly markets are less efficient in total gains and trades than competitive markets because there are less (or one) businesses in a monopoly market, which means that there would be less trades in total

A monopoly markets are more efficient than competitive markets. (True or false)?

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