Monopoly showcases _____ efficiency
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In a market economy which showcases competitive behavior, firms are allowed to expand production, diversify, sell at any price they choose, do hiring or firing. Anti-trust allows for the same. Please state your comment
In the context of the IPRs, discuss the following
(a) Static inefficiency caused by monopoly(b) Dynamic efficiency caused by monopoly
77) The industry level efficiency would be certain to be achieved in A) monopoly B) perfect competition C) oligopoly D) monopolistic competition E) natural monopoly