What is a deadweight loss from a monopoly?

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ghjhgfghjhgf

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Posted by ghjhgfghjhgf on November 30, 2009 at 5:06 AM and tagged with deadweight loss, economics, monopoly

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pohnpei397

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When compared with perfect competition, monopolies are inefficient. They cause the price of a good to be too high and they cause the quantity produced of the good to be too low.

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Posted by pohnpei397 on November 30, 2009 at 5:14 AM

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