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alexandr1967 [171]
2 years ago
8

Differentiate monopoly quantity from efficient quantity

Social Studies
1 answer:
AfilCa [17]2 years ago
5 0

Monopoly quantity produces too little output at too high a cost but efficient quantity is where the demand equals the marginal cost.

<h3>What is a monopoly?</h3>

A monopoly refers to the dominant position of an industry or a sector by one company.

The efficient quantity of output is where the demand highly equals the marginal cost whereas monopoly quantity produces too little output at too high a cost.

Learn more about Monopoly here:

brainly.com/question/5992626

#SPJ2

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