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Business, 28.11.2019 21:31 andy6128

The loss in efficiency due to market power large or small? explain. the loss in efficiency due to market power
a. large because virtually every firm has at least some market power.
b. large because almost every industry is a monopoly with firms that have substantial market power.
c. small because almost every industry is perfectly competitive with firms that have no market power.
d. small because even firms without market power are economically inefficient.

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