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3 October, 02:13

In 1 or 2 sentences, explain whether a monopolist uses resources efficiently.

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  1. 3 October, 02:18
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    It depends on the monopolist, it's in their best interest to use resource efficiently though because it can result in more profit naturally
  2. 3 October, 02:25
    0
    The price and quantity chosen by the monopolist are not equilibrium levels. Therefore resources are not being used efficiently.
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