Multiple Choice
Deadweight loss results in a monopoly because:
A) the monopolist charges a price equal to marginal cost, which is higher than the price charged in a competitive market.
B) the monopolist produces a quantity that is higher than the quantity produced in a competitive market.
C) the monopolist makes a positive economic profit in the short run.
D) the monopolist charges a price below marginal cost.
E) some consumers who would benefit from a competitive market lose out.
Correct Answer:

Verified
Correct Answer:
Verified
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