Empirical estimates indicate that the annual deadweight loss of monopoly in the United States _____
A)has ranged from about 1 percent to 5 percent of national income.
B)has ranged from about 10 percent to 20 percent of national income.
C)has been approximately 10 percent of national income.
D)has been approximately $1 billion.
E)has been approximately $1 trillion.

Question

Quizplus · Accepted Answer

Empirical estimates indicate that the annual deadweight loss of monopoly in the United States has ranged from about 1 percent to 5 percent of national income. Option B and E are too high, while option C is too low. Option D is not specific enough and does not provide a percentage or range.

Empirical Estimates Indicate That the Annual Deadweight Loss of Monopoly