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    difference in consumer surplus between a monopoly market and a perfectly competitive one

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    in a monopoly market, the producer will maximize its profit by choosing MR=MC. Because if MR>MC, the producer can make profit by selling one more unit of the product; and if MR<MC, the producer will lose money by selling one more ...

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    The difference in consumer surplus between a monopoly market and a perfectly competitive one is exemplified.

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