The welfare loss from monopoly is not really a loss to society as a whole,since it is just a transfer from consumers to producers.

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The welfare loss from monopoly is not just a transfer from consumers to producers, but also includes deadweight loss which represents a loss of surplus to society as a whole due to a misallocation of resources. Monopolies restrict output and raise prices, resulting in a lower quantity of goods produced and consumed than would be under perfect competition. This leads to a reduction in consumer and producer surplus, as well as a loss of economic efficiency.

The Welfare Loss from Monopoly Is Not Really a Loss