Social Studies, 11.11.2019 07:31, hbked23

Which statement is false?
a monopoly sells lower-quality products at higher prices than in a perfect competition.
natural monopolies are necessary to avoid wasteful duplication of resources.
collusion is legal in the united states, but cartels are not.
the start-up costs in a monopolistically competitive industry are low.
homogeneous products leave consumers with no choice.

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Which statement is false?
a monopoly sells lower-quality products at higher prices than in a...