Economics · Microeconomics
A pure monopoly fails to achieve allocative efficiency primarily because in equilibrium:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Price is greater than marginal cost (P > MC).✓
- 2Economic profit is not equal to normal profit.
- 3Cost is rising due to diseconomies of scale.
- 4Output is not produced at the minimum point of average cost.
Correct answer
Price is greater than marginal cost (P > MC).
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Microeconomics MCQs →Want more practice questions on Microeconomics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Microeconomics