In a monopoly, _____ always results from higher prices and lower quantity.
A) economic profit
B) deadweight loss
C) accounting profit
D) lightweight loss

Question

Quizplus · Accepted Answer

In a monopoly, higher prices and lower quantity compared to a competitive market result in deadweight loss, which is a loss of economic efficiency when the equilibrium outcome is not achievable or not achieved.

In a Monopoly, _____ Always Results from Higher Prices and Lower