The actual deadweight loss from monopoly in the U.S. may be greater than calculated estimates because some
A) monopolies experience strong economies of scale
B) monopolists spend resources to secure and maintain their monopoly
C) monopolists may purposely keep price lower than its profit-maximizing level, in order to increase barriers to entry
D) monopolists' markets are contestable
E) monopolists' prices and profits are regulated by the government
Correct Answer:
Verified
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