Author Question: By reducing its output compared to a competitive market, a monopoly leads to A) a more efficient ... (Read 72 times)

chandani · **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