Q701
Monopoly is not considered desirable from the point of view of the society mainly because the monopolist endeavours to
A.
earn net revenue on sale of all goods including those involving no cost of production
B.
earn net revenue on sale of goods in short run as well as long run
C.
charge different prices for the same product from the different categories of buyers
D.
produce below economic capacity level when he exhibits satisfaction with normal profit only
AnswerAnswer: Option D
Solution
Answer: Option D
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