The market power leads to deadweight loss (DWL)
Topic: essay question: The market power leads to deadweight loss (DWL). Therefore, the government should always restrict market (monopoly) power. In addition, in order to be fair for every industry or market, the market power should be regulated to the same degree. Argue for or against this statement using both economic theory and real life examples
Leave a Reply
Want to join the discussion?Feel free to contribute!