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Consider a rent seeking environment involving a monopoly.The monopoly would be willing to pay for it produce _______.The amount the consumers are willing to pay
Consider a rent seeking environment involving a monopoly.The monopoly would be willing to pay for it produce _______.The amount the consumers are willing to pay in total is _______ than the amount the monopoly is willing to pay.The _______ usually lose(s).
Group of answer choices
more, more, monopoly
less, more, consumers
more, less, consumers
less, less, monopoly
more, less, monopoly
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