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Answer to Question #77197 in Microeconomics for bishal budhathoki

Question #77197
Are there any advantages to a single market seller and how do they compare to its perceived disadvantages.
1
Expert's answer
2018-05-13T07:16:08-0400
The advantages to a single market seller are that he can set the price and price discriminate, but the perceived disadvantages are: inefficient allocation of resources and creation of deadweight loss, barriers to entry, no competition.

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