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Answer to Question #88731 in Microeconomics for khanal uttam

Question #88731
Illustrate and explain using diagrams how a single seller within the market can maintain an inefficient allocation of resources;
1
Expert's answer
2019-04-30T09:27:51-0400

A single seller or monopolistic will produce less at higher price to maximize his profits, so within the market he will maintain an inefficient allocation of resources and deadweight loss will be created.


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