The economist’s objections to monopoly rest on which of the following grounds?
Options:
- There is a transfer of income from consumers to the monopolist.
- There is welfare loss as resources tend to be misallocated under monopoly.
- Only A is correct.
- Both A and B are correct.
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Correct Answer : Option d) Both A and B are correct.
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(Founder of Management Notes)
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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