Monopoly pricing prevents some mutually beneficial trades from taking place. These unrealized, mutually beneficial trades are

a. of little concern to society.
b. a deadweight loss to society.
c. a sunk cost to society.
d. also observed in competitive markets.

b

Economics

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A decrease in price will lead to an increase in demand.

a. true b. false

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Would it ever make sense for a firm to charge a price at or below the cost of the product?

What will be an ideal response?

Economics