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A monopoly results In underallocation of resources because at the equilibrium bulpul: Answers: a) MR > MC. b) marginal profit equals zero C) P >

A monopoly results In underallocation of resources because at the equilibrium bulpul: Answers: a) MR > MC. b) marginal profit equals zero C) P > MC. dj ATC of the monopolist is greater than minimum ATC

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