MCQOPTIONS
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| 1. |
A welfare loss occurs in monopoly where ? |
| A. | The price is greater than the marginal cost |
| B. | The price is greater than the marginal benefit |
| C. | The price is greater than the average revenue |
| D. | The price is greater than the marginal revenue |
| Answer» B. The price is greater than the marginal benefit | |