Taking competitive rent seeking activity into account, what is the social cost of monopoly?
The social cost of monopoly is equal to the

Question

Taking competitive rent seeking activity into account, what is the social cost of monopoly? 
 The social cost of monopoly is equal to the

Accepted Answer

deadweight loss plus the monopoly's producer surplus.

Answer

monopoly's producer surplus.

Answer

deadweight loss from monopoly.

Answer

deadweight loss minus the monopoly's producer surplus.

Answer

consumer surplus lost plus producer surplus lost.

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