Question

When monopolies waste resources attempting to prevent other firms from competing with them

Answer 1

Answer:

Explanation:SORRY DID KNOW THE ANSWER PROPERLY

Answer 2

Answer:

Explanation:

The classic problem of monopoly is that it sets a higher price than marginal cost, which distorts the trade-offs in the economy and moves it away from Pareto efficiency. We will discuss this problem here. However, other problems with monopoly may be more important.