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Pois0n Pois0n
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A year ago
The deadweight loss of monopoly is

▸ any negative profit due to cyclical decreases in demand.

▸ its fixed cost.

▸ the extra administrative costs of operating a large firm.

▸ the cost of maintaining effective barriers to entry.

▸ the loss of economic surplus due to the low monopoly output level.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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dcmc92dcmc92
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A year ago
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