Ask Question
24 February, 14:11

Explain whether a monopolist uses resources efficiently.

+4
Answers (1)
  1. 24 February, 16:51
    0
    For the answer to the question above, I think it depends on the monopolist, it's in their best interest to use resources efficiently though because it can result in more profit naturally. Just look at John Rockefeller Sr. who founded the Standard oil. He directed the growth and development of oil in the U. S. and used the resources efficiently.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Explain whether a monopolist uses resources efficiently. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers