The economist's objections to monopoly rest on which of the following grounds? Options: A . &nbspThere is a transfer of income from consumers to the monopolist B . &nbspThere is welfare loss as resources tend to be misallocated under monopoly C . &nbspBoth A and B are incorrect D . &nbspBoth A and B are correct

The economist's objections to monopoly rest on which of the following grounds?

Question

The economist's objections to monopoly rest on which of the following grounds?

Options:

A . There is a transfer of income from consumers to the monopolist

B . There is welfare loss as resources tend to be misallocated under monopoly

C . Both A and B are incorrect

D . Both A and B are correct

Answer: Option D

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