question archive Which of the following are possible outcomes of a monopoly: 1
Subject:MarketingPrice:2.88 Bought3
Which of the following are possible outcomes of a monopoly:
1. Higher prices than in competition,
2. Many options for consumers,
3. Efficient production,
4. More output than in competition,
5. Profit maximization for the firm,
6. Deadweight loss,
7. Rent-seeking.
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