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Economic profits of a monopoly represent: a. a transfer of income from consumers to producers. b. the inefficiency of monopoly. c. welfare cost of monopoly.
Economic profits of a monopoly represent:
a.
a transfer of income from consumers to producers.
b.
the inefficiency of monopoly.
c.
welfare cost of monopoly.
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Econometric Analysis Of Cross Section And Panel Data
Authors: Jeffrey M Wooldridge, J M Wooldridge
2nd Edition
0262232588, 9780262232586
