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Objections to monopolies do NOT include which of the following? a. They reduce output below the efficient level of output that would be produced in

Objections to monopolies do NOT include which of the following?

a. They reduce output below the efficient level of output that would be produced in perfect competition.

b. They reduce the price below what would be charged in perfect competition.

c. They charge a price that is greater than marginal cost

.d. They create a welfare cost.

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