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mmaruska mmaruska
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A year ago
When comparing a monopoly equilibrium to a competitive market equilibrium, the consumer suffers two types of losses. They are

▸ a loss of consumer surplus due to the output that is not produced, and the transfer of consumer surplus to the monopolist.

▸ the deadweight loss due to the output that is produced beyond the competitive level, and the transfer of consumer surplus to the monopolist.

▸ the deadweight loss due to the output that is not produced and the transfer of producer surplus to the monopolist.

▸ the loss of both consumer surplus and producer surplus.

▸ the deadweight loss due to the output that is produced and the reduced incentive for innovation by the monopolist.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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sandra15sandra15
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Helped a lot
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