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MMLU-Pro / 7646 / A monopoly is less efficient than a perfect competitor because

Problem

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question

A monopoly is less efficient than a perfect competitor because

category

economics

options

  1. a monopoly can make profit in the short run but not in the long run
  2. a monopoly can control the supply and demand of the market
  3. a perfect competitor can make profit in the short run but the monopoly cannot
  4. a perfect competitor breaks even in the short run and the monopoly does not
  5. a monopoly sells for a lower price and produces more output
  6. a monopoly produces more output and sells for a higher price
  7. a monopoly has no competition, therefore it is less efficient
  8. a perfect competitor produces more output and sells for a lower price
  9. a perfect competitor breaks even in the long run and the monopoly does not
  10. a monopoly produces less output and sells for a higher price

src

ori_mmlu-high_school_microeconomics

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Source and history

Official source

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