In the first table below, you will find the (marginal) willingness to pay for purified water by the only three consumers in this market. In the second table, you will find the marginal cost of (additional) units of output for the only two producers of purified water in this market.

a) Given what you know about the cost of recycling, is the monopolistic outcome more or less inefficient than the competitive outcome (with no market intervention)?

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