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> docs.google.com + 88 N Netflix Class Business Math 141 in Con.. c Course Hero c Course Hero exam part 2 - Google Docs c [Solved] I need help with these... exam part 2 Saving. 6 Share File Edit View Insert Format Tools Extensions Help Last edit was seconds ago n a $ A 7 100% Normal text Times New... - 12 + B I U A . G P O BEEBEE EVEEX Editing 1 2 1 17 1 1 1 a) $3; 250; positive b) $2; 600; zero c) $1; 600; -$600 in loss d) $3; 250; -$250 in loss E) The social cost of market being a monopoly is , while one of possible benefits may be a) higher output than if the market were perfectly competitive; more competition b) higher consumer surplus than if the market were perfectly competitive; unique product c) deadweight loss and rent seeking activities; product innovations d) lower price than if the market were perfectly competitive; technological innovations. - F) Why can a monopolist earn positive economic profit in the long-run but a perfectly competitive firm only a normal profit? Briefly explain. G) Monopolist is always profitable because it has the ability to charge the highest price consumers are willing to pay for its product. TRUE ( FALSE ( +