Select the correct answer. Which statement is false?
OA. A monopoly sells lower-quality products at higher prices than in a perfect competition.
OB. Natural monopolies are necessary to avoid wasteful duplication of resources.
OC. Collusion is legal in the United States, but cartels are not.
OD.
The start-up costs in a monopolistically competitive industry are low.
E. Homogeneous products leave consumers with no choice.
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