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

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A monopoly is less efficient than a perfect competitor because

choices

  1. a monopoly produces more output and sells for a higher price
  2. a monopoly produces less output and sells for a higher price
  3. a monopoly can make profit in the short run but not in the long run
  4. a perfect competitor breaks even in the short run and the monopoly does not

subject

high_school_microeconomics

Discussion

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Source and history

task_id
7ee9e30d-8df9-5e66-b9cc-164971df3dcf
task_key
all--test--7ee9e30d-8df9-5e66-b9cc-164971df3dcf
task_revision_id
1
config / split
all / test

Official source

initial import