When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent A. a loss in total welfare. B. a transfer of benefits from the consumer to the producer. C. the higher marginal revenues gained by the monopolists in comparison to competitive firms. D. the higher marginal costs incurred by the monopolists in comparison to competitive firms.
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Home » Business » When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent A. a loss in total welfare. B. a transfer of benefits from the consumer to the producer. C.