The "deadweight loss" from a monopoly refers to
a. the portion of a monopolist's profits that are above the competitive profit level.
b. the increase in price due to the monopolization of a market.
c. the inefficient use of factors of production by a monopoly.
d. the loss of consumer surplus due to the monopolization of a market that is not transferred to another economic actor.
d
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________: the general price level is rising even though the economy is nowhere near full employment output
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Exhibit 15-4 Balance sheet of Tucker National Bank Assets Liabilities Required reserves$ 4,000 Checkable deposits$20,000 Excess reserves16,000 Loans 0 Total$20,000 Total$20,000 Assume all banks in the system started with the balance sheet shown in Exhibit 15-4 and the Fed makes a $1,000 open market purchase. The result would be a(n):
A. infinite contraction of the money supply. B. infinite expansion of the money supply. C. $1,000 expansion of the money supply. D. $5,000 expansion of the money supply.