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Simora [160]
3 years ago
9

The inefficiency associated with monopoly is due to a the monopoly's profits. b the monopoly's losses. c overproduction of the g

ood. d underproduction of the good.
Business
1 answer:
Jlenok [28]3 years ago
3 0

Answer:

The correct answer is letter "D": underproduction of the good.

Explanation:

The Allocative Inefficiency of Monopolies refers to the fact that this type of market could come to a point in which <em>production is lower than demand but the prices are still kept high</em>. This situation opposes perfectly competitive markets where many sellers are offer an average product and there is perfect information about the price of a good.

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