What kinds of market inefficiencies are caused by monopolies


Problem

For you to be able to help me with this, I need to figure out a way to discuss the following. I'll need to explain each bullet point in 3-5 sentences. Please help me with the rough draft:

a) What kinds of market inefficiencies are caused by monopolies?
b) List the several kinds of inefficiencies brought on by monopolistic competition.
c) How are monopolies and enterprises that compete in a monopolistic manner profitable?

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Microeconomics: What kinds of market inefficiencies are caused by monopolies
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