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The monopoly power problem is that a monopoly a.creates a deadweight loss to society.b.charges the same price as a perfectly competitive firm would charge.c.charges a

The monopoly power problem is that a monopoly

a.creates a deadweight loss to society.b.charges the same price as a perfectly competitive firm would charge.c.charges a lower price than the price a perfectly competitive firm would charge.d.produces a larger output than that produced by a perfectly competitive firm.

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