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Which of the following is not true when a monopoly market is in equilibrium? A.Price is greater than MC. B. Consumer well-being would be improved
Which of the following isnottrue when a monopoly market is in equilibrium?
A.Price is greater than MC.
B. Consumer well-being would be improved if less resources were allocated to the industry in which the monopoly operates.
C. Price is greater than MR.
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