Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

The deadweight loss associated with a monopoly occurs because the monopolist.

Sagot :

ayokenny2001

The deadweight loss associated with a monopoly occurs because the monopolist produces an output less than the socially optimal level.

What is monopoly?

A monopoly is an economic structure where a specific person or enterprise is the only supplier of a particular good.

The above means that company that exists in a market with little to no competition and can therefore set its own terms and prices when facing consumers, making them highly profitable.

Hence, the deadweight loss associated with a monopoly occurs because the monopolist produces an output less than the socially optimal level.

Learn more about monopoly here : https://brainly.com/question/13113415

#SPJ1

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.