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Exhibit 16-4 Refer to Exhibit 16-4

Question 75

Multiple Choice

Exhibit 16-4 Exhibit 16-4 Refer to Exhibit 16-4.Suppose the government announced it would give monopoly power to one firm in the industry through an exclusive license.If successful, the welfare l oss due to monopoly would be equl to what? A) area a B) area b C) area e D) area f E) area g Refer to Exhibit 16-4.Suppose the government announced it would give monopoly power to one firm in the industry through an exclusive license.If successful, the welfare l oss due to monopoly would be equl to what?


A) area a
B) area b
C) area e
D) area f
E) area g

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