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Answer to Question #89025 in Microeconomics for yogi

Question #89025
Illustrate and explain using diagrams how a single seller within the market can maintain an
inefficient allocation of resources
1
Expert's answer
2019-05-03T08:39:29-0400

A single seller or monopolist 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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