economist argue that consumers are better off when competition is strong and monopolies are limited to certain industries. one reason is the deadweight loss associated with monopoly markets and market power. which of the following is an example of deadweight loss in monopoly markets? lack of innovation and technological breakthroughs under monopolistic conditions failure to achieve economies of scale under monopolistic conditions consumer surplus lost because prices are higher and output is lower under monopolistic conditions guaranteed economic profit under monopolistic competition

The following is an example of deadweight loss in monopoly markets : ''consumer surplus lost because prices are higher and output is lower under monopolistic conditions''.

How does a monopoly reduce deadweight loss?

A monopoly's profit is determined by total revenue less entire expense. The deadweight loss, seen by the red region .
"Deadweight Loss," occurs when the overall production is below what would be considered socially optimum. Other circumstances, such as when there are quantity or pricing constraints, might result in deadweight loss.
By producing the amount where marginal income and marginal cost overlap, a monopolist maximizes profit. As a result, society loses weight and there is a transfer of value from the consumer to the monopolist.
Deadweight is lost as a result of this. Make it necessary for the monopoly to set its prices at the intersection of the demand and average cost curves. This boosts productivity, raises social surplus, lowers deadweight loss, and transfers some surplus from the monopoly to consumers.

Learn more about monopoly markets refer to :

https://brainly.com/question/29481061

#SPJ4