Microeconomics

MCQ - 156-4166

Question:

Deadweight loss in industries with market power is a result of

profit-maximizing output occurs where price equals marginal revenue.
profit-maximizing output occurs where price exceeds marginal cost.
profit-maximizing output occurs where price equals marginal cost.
profit-maximizing output occurs where price exceeds marginal cost.
profit-maximizing output occurs where price equals average total cost.

Correct Answer: B

Explanation:

DWL emerges when output is moved away from where P = MC.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Deadweight loss in industries with market power is a result of , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 156-4166.

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