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4 December, 15:06

In 1 or 2 sentences, explain whether a monopolist uses resources efficiently.

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Answers (2)
  1. 4 December, 17:33
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    The price and quantity chosen by the monopolist are not equilibrium levels. Therefore resources are not being used efficiently.
  2. 4 December, 18:59
    0
    It depends on the monopolist, it's in their best interest to use resource efficiently though because it can result in more profit naturally
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