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Author Question: Which one of the following is a definition of deadweight welfare loss under monopoly? (Read 56 times)

Medesa

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on: May 25, 2020

Question 1

Governments often subsidise goods and services that society appears to value more highly than the individual consumer does. These goods and services are called
◦ charities.
◦ public goods.
◦ merit goods.
◦ private goods.

Question 2

Which one of the following is a definition of deadweight welfare loss under monopoly?
◦ The loss in output compared with perfect competition
◦ The increase in total profit compared with perfect competition
◦ The loss of total consumer-plus-producer surplus compared with perfect competition
◦ The loss of total consumer surplus compared with perfect competition
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Medesa on May 25, 2020

sokh

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Medesa

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

laurnthompson

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Reply 3 on: Yesterday
Excellent

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