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Which of the following best describes why a monopoly market structure is not allocatively efficient? a)...

Which of the following best describes why a monopoly market structure is not allocatively efficient?

a) The monopolist restricts production, resulting in the MSB being less than the MSC

b) The monopolist restricts production, resulting in the MSB being greater than the MSC.

c) In the presence of a monopoly there exist negative externalities in production

d) In the presence of a monopoly the demand curve no longer represents MSB

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