The fundamental reason a single-price monopoly creates a deadweight loss is that compared to the efficient outcome, the single-price monopoly
A) raises variable cost.
B) raises fixed cost.
C) restricts output.
D) reduces the elasticity of demand.
C
Economics
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A tariff is a
a. tax on exports b. limit on the quantity of exports c. limit on the quantity of imports d. tax on imports e. subsidy on imports
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The bulk of the M1 money supply is made up of
A. travels checks. B. checkable deposits. C. Federal Reserve notes. D. currency.
Economics