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What is the main reason for most economists' criticism of monopolists? Group of answer choices Monopolists charge a price that equals the marginal cost (MC)
What is the main reason for most economists' criticism of monopolists?
Group of answer choices
Monopolists charge a price that equals the marginal cost (MC) of production rather than a price that equals the average total cost (ATC) of production.
Monopolists do not innovate.
Monopolists produce a large quantity of wasteful products.
Monopolists produce a quantity which is smaller than the socially efficient quantity of output.
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