Economy, asked by zubin69, 5 months ago

the fundamental reason a single rise in monopoly creates deadweight loss is​

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Answered by mihir6969
0

Answer:

Inefficiency in a Monopoly

The monopoly pricing creates a deadweight loss because the firm forgoes transactions with the consumers. The deadweight loss is the potential gains that did not go to the producer or the consumer. ... A monopoly is less efficient in total gains from trade than a competitive market

Answered by Anonymous
6

Explanation:

Inefficiency in a Monopoly

The monopoly pricing creates a deadweight loss because the firm forgoes transactions with the consumers. The deadweight loss is the potential gains that did not go to the producer or the consumer. ... A monopoly is less efficient in total gains from trade than a competitive market.

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