Imperfect competition can result in all of the following except:
A)less quantity than perfect competition.
B)a higher price than perfect competition.
C)more economic efficiency (i.e.less deadweight loss)than under perfect competition.
D)all of the above.
E)none of the above.

Question

Quizplus · Accepted Answer

Imperfect competition almost always results in less quantity being produced than under perfect competition and a higher price being charged. However, it does not result in more economic efficiency, as there is usually a deadweight loss associated with imperfect competition due to the lack of competition leading to higher prices for consumers and reduced output for society as a whole.

Imperfect Competition Can Result in All of the Following Except