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dsp73
3 years ago
10

The deadweight loss associated with a monopoly occurs because the monopolist.

Business
1 answer:
STALIN [3.7K]3 years ago
6 0

The deadweight loss associated with a monopoly occurs because the monopolist produces an output less than the socially optimal level.

<h3>What is monopoly?</h3>

A monopoly is an economic structure where a specific person or enterprise is the only supplier of a particular good.

The above means that company that exists in a market with little to no competition and can therefore set its own terms and prices when facing consumers, making them highly profitable.

Hence, the deadweight loss associated with a monopoly occurs because the monopolist produces an output less than the socially optimal level.

Learn more about monopoly here : brainly.com/question/13113415

#SPJ1

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Explanation:

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In the above scenario, Cindy invested $850,000 into the business. She faced loss continuously and lost her money. But she stills thinks on investing in her business instead of selling it.

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Explanation: I hope this helps!

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1. A British scholar spends a year at Harvard University as a visiting scholar.

US exports - Increase

Imports - Unchanged

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