The "deadweight loss" occurs under conditions of:
A) perfect competition.
B) many differentiated sellers.
C) monopoly.
D) oligopoly.

Name: The "deadweight loss" occurs under conditions of: A) perfect competition. B) many differentiated sellers. C) monopoly. D) oligopoly.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Deadweight loss occurs in a monopoly because the monopolist sets a higher price and produces a lower quantity than would be the case in a perfectly competitive market, leading to a loss of economic efficiency.

The "Deadweight Loss" Occurs Under Conditions Of