In the long-run equilibrium of a monopoly, which of the following statements is true?

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The company achieves productive efficiencyThe company fails to allocate resources efficientlyThe company produces where marginal cost is below marginal revenueThe company operates at the socially optimal output

Explanation

In a monopoly's long-run equilibrium, the firm does not allocate resources efficiently, leading to allocative inefficiency. This occurs because the monopolist restricts output to maximize profits, resulting in a price higher than marginal cost. Hence, option B is correct.