What is the deadweight loss in the monopolist market?
70.2K
Verified Solution
Link Copied!
Question
Economics
What is the deadweight loss in the monopolist market?
Answer & Explanation
Solved by verified expert
3.8 Ratings (487 Votes)
Pricing the monopoly generates a deadweight loss as the corporation forgoes transactions with customers Over time monopolies may become inefficient and less creative as they dont have to compete on a marketplace with other companies The abuse of power in the case of monopolies will lead to a market failure Market loss happens when the pricing process does not
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
