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Author Question: By reducing its output compared to a competitive market, a monopoly leads to A) a more efficient ... (Read 61 times)

chandani

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on: Jun 29, 2018
By reducing its output compared to a competitive market, a monopoly leads to
 
  A) a more efficient use of resources.
  B) external benefits.
  C) external costs.
  D) a deadweight loss.

Question 2

The figure shows the market for books before and after a sales tax is introduced. Each week, the tax creates a deadweight loss of ________, decreases consumer surplus by ________, and decreases producer surplus by ________.
 
  A) 15; 10; 5
  B) 12; 8; 4
  C) 3; 10; 5
  D) 3; 2; 1


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peilian

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


chandani

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Perkypinki

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Reply 3 on: Yesterday
Excellent

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