True or False: Monopolies lead to inefficient allocation of resources. Externalities lead to inefficient allocation of resources.

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True or False: Monopolies lead to inefficient allocation of resources. Externalities lead to inefficient allocation of resources. Therefore, a firm that is both a monopoly and a source of negative externalities is an especially serious social problem.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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