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Taking Competitive Rent Seeking Activity into Account,the Social Cost of Monopoly

Question 28

Multiple Choice

Taking competitive rent seeking activity into account,the social cost of monopoly is equal to the


A) deadweight loss from monopoly.
B) monopoly's producer surplus.
C) deadweight loss plus the monopoly's producer surplus.
D) deadweight loss minus the monopoly's producer surplus.
E) consumer surplus lost plus producer surplus lost.

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