Studies have concluded that the deadweight loss of monopoly power in the U.S. is less than 0.5

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Studies have concluded that the deadweight loss of monopoly power in the U.S. is less than 0.5 percent of GNP. From your knowledge of the determinants of the deadweight loss, explain why such a small figure is plausible.

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Aug 26, 2013 06:48 AM

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Studies have concluded that the deadweight loss of monopoly power in the U.S. is less than 0.5

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Microeconomics Theory and Applications

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