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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
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A year ago
Good timing, thanks!
asd454512
wrote...

Yesterday
Smart ... Thanks!
ezsancheezy
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2 hours ago
This site is awesome
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