If we switch from a perfectly competitive market to a monopoly,consumers will always be better off.

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In a perfectly competitive market, firms are price takers and have no market power. This results in lower prices and greater consumer surplus. However, in a monopoly, the firm has market power and can set prices above the marginal cost, resulting in higher prices and lower consumer surplus. Therefore, consumers are not always better off in a monopoly.

If We Switch from a Perfectly Competitive Market to a Monopoly,consumers