thesusan440 thesusan440
  • 02-03-2018
  • Business
contestada

Society suffers a deadweight loss in a pure-monopoly market because

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MrsTriplet MrsTriplet
  • 13-03-2018
A pure-monoply means that a company does not have to compete with other producers within the market. Since they aren't competing with a good or service, they aren't competing with each others customers either. When a company does not have to compete on price/customers they may end up being greedy and have market failure. 
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