Business
Business, 28.12.2021 01:50, juliopejfuhrf5447

The deadweight loss from monopoly arises because a. consumers who buy the good have to pay more than marginal cost, reducing their consumer surplus. b. the monopoly firm chooses a quantity that fails to equate price and average revenue. c. some potential consumers who forgo buying the good value it more than its marginal cost. d. the monopoly firm makes higher profits than a competitive firm would.

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The deadweight loss from monopoly arises because a. consumers who buy the good have to pay more than...

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