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Private ownership of a monopoly may benefit society because the monopoly will have an incentive to: a

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Private ownership of a monopoly may benefit society because the monopoly will have an incentive to:

a. lower its costs to earn a higher profit.

b. price its good according to the intersection of marginal cost and average revenue.

c. charge a price that prevents some people from buying.

d. charge a price that is consistent with that of a benevolent social planner