Command economies are never effective at organizing the production and distribution of goods and services

The price charged by a monopolist is socially inefficient because the price

A) exceeds the true marginal cost of the resources used. B) is less than the opportunity cost of the resources used. C) puts the monopolist into a higher tax bracket. D) is too low.

A market tends to be monopolistic if

a. The good has too many substitutes b. The good has very few substitutes c. There are too many rivals d. The good has too few complements