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jugganuts jugganuts
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A year ago
Why is monopoly allocatively inefficient?

▸ because the firm has no incentive to maximize profits

▸ because the marginal cost exceeds the average cost for the last unit produced

▸ because the opportunity cost exceeds the marginal cost of the last unit produced

▸ because the price exceeds the marginal cost of the last unit produced

▸ because lower costs could be achieved
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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omolola69omolola69
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A year ago
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jugganuts Author
wrote...

A year ago
Good timing, thanks!
Roselalo
wrote...

Yesterday
Thanks
dearsophia21
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2 hours ago
Brilliant ツ
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