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    Microeconomics Study Set 49
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    Exam 11: Monopoly and Monopsony
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    Because Monopoly Price Is Above Marginal Cost and a Monopoly
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Because Monopoly Price Is Above Marginal Cost and a Monopoly

Question 63

Question 63

True/False

Because monopoly price is above marginal cost and a monopoly earns positive economic profit, there are no benefits to consumers in the monopoly market.

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