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Monopoly Leads to an Inefficient Level of the Production of Goods.This

Question 73

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Monopoly leads to an inefficient level of the production of goods.This means that


A) the total social benefit is not as high as it could be.
B) the monopolist's production costs are higher than necessary.
C) government tax collected from the monopolist is less than it might be.
D) externalities are not as large as they should be.
E) fewer people are employed than might be.

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