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Consider a rent seeking environment involving a monopoly.Consumers would be willing to pay to have the monopoly produce _______.The amount the monopoly is willing to

Consider a rent seeking environment involving a monopoly.Consumers would be willing to pay to have the monopoly produce _______.The amount the monopoly is willing to pay is _______ than the amount the consumers are willing to pay in total.The _______ usually lose(s).

less, more, consumers

more, less, consumers

more, less, monopoly

more, more, monopoly

less, more, monopoly

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