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Monopoly Efficiency and Deadweight Loss
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Monopoly Efficiency and Deadweight Loss
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12. Monopoly / Monopoly Efficiency and Deadweight Loss / Problem 6
Problem 6
What is the impact on consumer surplus when a monopoly restricts output?
A
Consumer surplus is eliminated.
B
Consumer surplus increases because the price decreases.
C
Consumer surplus remains unchanged.
D
Consumer surplus decreases because the price increases.
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