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    Principles of Economics Study Set 7
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    Exam 10: Understanding Monopoly
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    Inefficient Output and Price, Few Choices, and Rent-Seeking Are All
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Inefficient Output and Price, Few Choices, and Rent-Seeking Are All

Question 71

Question 71

Multiple Choice

Inefficient output and price, few choices, and rent-seeking are all problems associated with:


A) externalities.
B) competitive markets.
C) monopolies.
D) scarcity.
E) trade.

Correct Answer:

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