It is well established in economic theory that imperfectly competitive markets are consistent with social welfare.

Name: It is well established in economic theory that imperfectly competitive markets are consistent with social welfare.
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Imperfectly competitive markets, such as monopolies or oligopolies, often lead to inefficiencies and can result in a loss of social welfare compared to perfectly competitive markets.

It Is Well Established in Economic Theory That Imperfectly Competitive