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AP® Microeconomics

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Moderate

Monopoly: Efficiency

APMICR-HJPTKG

In the long-run, typical non-discriminating monopolies are

A

allocatively but not productively efficient.

B

productively but not allocatively efficient.

C

both allocatively and productively efficient.

D

neither allocatively nor productively efficient.

E

allocatively efficient, but only if they are earning profits or suffering losses.