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    Exam 5: A Closed-Economy One-Period Macroeconomic Model
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    Relative to the Social Optimum,monopoly Power Directly Leads to
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Relative to the Social Optimum,monopoly Power Directly Leads to

Question 57

Question 57

Multiple Choice

Relative to the social optimum,monopoly power directly leads to


A) underproduction.
B) overproduction.
C) too much leisure.
D) too little leisure.
E) social efficiency.

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