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Briefly explain why monopolists are neither productively nor allocatively efficient and briefly describe what results from...

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Economics

Briefly explain why monopolists are neither productively norallocatively efficient and briefly describe what results from thesecircumstances.

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A monopolist isnt a pricetaker since it still sets the retail price as it chooses what quantity to make Overall income for a monopolist is relatively small at low production levels since not much is being sold Total revenue at very high production volumes is often    See Answer
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