Which of the Following Represents the Nature of a Monopolist's

question 175

Multiple Choice

Which of the following represents the nature of a monopolist's deadweight loss?

• A) It is not possible to equate price with marginal cost when demand is inelastic.
• B) It is a fact that people are willing to spend a lot of money for small improvements in quality.
• C) Some consumers are willing to pay more than the monopolist's marginal cost of production, but the monopolist does not produce these units.
• D) Unlike competitive markets, there are consumers with unsatisfied wants.

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