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Which statement is false?

A monopoly sells lower-quality products at higher prices than in a perfect competition.

Natural monopolies are necessary to avoid wasteful duplication of resources.

Collusion is legal in the United States, but cartels are not.

The start-up costs in a monopolistically competitive industry are low.

Homogeneous products leave consumers with no choice.

Verified Answer :

the false statement from the following options above is :
The start-up costs in a monopolistic ally competitive industry are low

In a typically monopolistic market, there will always be  an extremely high fixed cost of distribution, which make the start-up cost unbelievably high

hope this helps

Answer:

The one that is wrong is (D)

(The start-up costs in a monopolistic-ally competitive  industry are low

Explanation:

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