Monopolies _______society's total surplus by producing_______ than the efficient quantity.
A)decrease; more
B)increase; more
C)increase; less
D)decrease; less

Name: Monopolies _______society's total surplus by producing_______ than the efficient quantity. A)decrease; more B)increase; more C)increase; less D)decrease; less
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Question

Quizplus · Accepted Answer

Monopolies restrict output to increase prices and profits, resulting in a decrease in social welfare (or total surplus) by producing less than the efficient quantity.

Monopolies _______Society's Total Surplus by Producing_______ Than the Efficient Quantity

Monopolies _Society's Total Surplus by Producing_ Than the Efficient Quantity