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9. Monopolies are considered inefficient when compared to perfect competition because: (A) demand is inelastic. (B) marginal benefit exceeds marginal cost. (C) monopolies make profits.
9. Monopolies are considered inefficient when compared to perfect competition because:
(A) demand is inelastic. (B) marginal benefit exceeds marginal cost. (C) monopolies make profits. (D) marginal revenue exceeds marginal cost.
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