Question

Do you think Monopoly increases general welfare?​

Answer 1

Explanation:

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Their results showed that the monopoly leads to higher equilibrium price and lower equilibrium quantity, generating a smaller welfare for non-monopolists, and a larger welfare for monopolists than under perfect competition.

Answer 2

Answer:

Their results showed that the monopoly leads to higher equilibrium price and lower equilibrium quantity, generating a smaller welfare for non-monopolists, and a larger welfare for monopolists than under perfect competition.