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Use your graph to explain why society is worse off when a monopolist charges a price that earns monopoly profits rather than when price is

Use your graph to explain why society is worse off when a monopolist charges a price that earns monopoly profits rather than when price is set at the "competitive level."

A.

Producer surplus is smaller.

B.

The deadweight loss is eliminated.

C.

Firm profits are larger.

D.

Economic surplus is reduced.

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