Monopoly deadweight loss is the result of
A.
setting the price above marginal cost.
B.
setting the price above average total cost.
C.
monopoly output being greater than the competitive output.
D.
long-run normal profits.
E.
marginal revenue equaling marginal cost.
Exam No： AP Micro Practice Test 4 Year：2024 Question No：19
Answer:
A
Knowledge points:
3.5 Profit Maximization
4.2 Monopoly
6.1 Socially Efficient and Inefficient Market Outcomes
Solution:
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