Analyze why is society worse off under monopoly, Macroeconomics

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Analyze why is society worse off under monopoly

Problem

(Allocative and Distributive Effects) Why is society worse off under monopoly than under perfect competition, even if both market structures face the same constant long-run average cost curve?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Analyze why is society worse off under monopoly

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