The economist’s objections to monopoly rest on which of the following grounds?

Question

The economist&rsquo;s objections to monopoly rest on which of the following grounds?

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

There is a transfer of income from consumers to the monopolist

TuteeHUB · Answer

There is welfare loss as resources tend to be misallocated under monopoly

TuteeHUB · Answer

Only A is correct

TuteeHUB · Answer

Both A and B are correct

1.	The economist’s objections to monopoly rest on which of the following grounds?
A.	There is a transfer of income from consumers to the monopolist
B.	There is welfare loss as resources tend to be misallocated under monopoly
C.	Only A is correct
D.	Both A and B are correct
Answer» E.

Discussion