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1 Jun 2018

37. What is the deadweight loss due to monopoly pricing under the following conditions: The price charged for the goods produced is $16. The intersection of the marginal revenue and marginal cost curves occurs where output is 10 units and where MC = $8. The socially efficient level of production is 12 units. a. $48. b. $16. c. $8. d. None of the above.

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Tod Thiel
Tod ThielLv2
4 Jun 2018

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