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Business, 22.04.2020 02:30 ctdavis

In unregulated monopoly: a consumers are confronted with a price that is lower than marginal cost. b consumers are confronted with a price that is lower than average total cost. c because P > MC, a basic condition for efficiency is violated. d consumers will consume more of the good than is economically efficient. e consumers are faced with prices that are lower than marginal revenue.

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