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Answer to Question #127546 in Microeconomics for Peace Emmanuel DUSABE

Question #127546
what is the graphs in social costs of monopoly?
1
Expert's answer
2020-07-27T12:59:44-0400

Social cost of monopoly is caused when the output is reduced and the price hiked by a monopolist and it is assumed that marginal cost curve is a horizontal straight line.


Below are the graphs in social cost of monopoly



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