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

Question

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

Quizplus · Accepted Answer

Empirical estimates indicate that the annual deadweight loss of monopoly in the United States ranges from about 1 percent to 5 percent of national income. Therefore, the best choice is A.

Empirical Estimates Indicate That the Annual Deadweight Loss of Monopoly