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Do monopolies always reduce social benefits? Group of answer choices a. yes, but only in the long run b. no, because monopolies deter wasteful competition

Do monopolies always reduce social benefits?

Group of answer choices

a. yes, but only in the long run

b. no, because monopolies deter wasteful competition

c. no, because monopolies can incentivize innovation

d. yes, because they create short-term deadweight loss, which deters innovation

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