19. The average American CEO earns times the earnings of the average worker. (LO7) a) 10 to 15 d) 300 to 600 b) 25 to 40 e 1,000 to 1,200 c) 100 to 150 20. Which statement is true? (LO7) a) The monopolist is just as driven as the competitive firm to control costs and use resources efficiently. b) The monopolist often charges his customers higher prices and provides poorer service than he would if he had competitors. c) Growing foreign competition has had no effect on the quality of American products. mob d) None of the above