ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The economist’s objections to monopoly rest on which of the following grounds?
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There is a transfer of income from consumers to the monopolist
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There is welfare loss as resources tend to be misallocated under monopoly
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Only A is correct
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Both A and B are correct
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Explanation:
Detailed explanation-1: -The economist’s objections to monopoly rest on the following grounds that there is a transfer of income from consumers to the monopolist and there is welfare loss as resources tend to be misallocated under monopoly.
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