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The deadweight loss of monopoly is due to the fact that a.monopolists are greedy. b.monopolies earn economic profits. c.monopolies restrict output in order to raise

The deadweight loss of monopoly is due to the fact that

a.monopolists are greedy.

b.monopolies earn economic profits.

c.monopolies restrict output in order to raise price.

d.a monopoly does not produce at the minimum point of its average cost curve.

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