Question

​If a monopoly market were to be transformed into a competitive market, the result would be that a. ​market output would increase. b. ​the market would be efficient, once the market reached the competitive output. c. ​the deadweight loss from the monopoly would be eliminated. d. ​All of the above would be true.

Answer 1

Answer:

d. ​All of the above would be true.

Explanation:

When a monopoly is transformed into a competitive market structure,the price falls and output rises.Efficient outcome is achieved because price is equal to average cost.Also,the deadweight loss from Mon is removed.