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7899

Deadweight Loss for a Monopoly

By having monopoly power, a firm earns above-normal profits. However, that gain is not enough to offset the combined loss of consumer surplus and producer surplus (deadweight loss 1 and 2, respectively).

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"Deadweight Loss for a Monopoly" from the Wolfram Demonstrations Project
 http://demonstrations.wolfram.com/DeadweightLossForAMonopoly/
Contributed by: Samuel G. Chen




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