The gains to monopolists from exercising market power:
A. exceed the losses to consumers in monopoly markets, resulting in a net gain to society.
B. equal the losses to consumers in monopoly markets, resulting in no net change for society.
C. are less than the losses to consumers in monopoly markets, resulting in a net loss to
society.
D. create smaller deadweight losses than occur in purely competitive industries.
Answer: C
Economics
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