Monopolies impose the largest deadweight loss in markets with elastic demands.

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Ashley Duncan · Accepted Answer

Final Answer : True, Explanation :  In markets with elastic demand, consumers are more sensitive to price changes, meaning a monopoly's ability to raise prices significantly reduces the quantity demanded, leading to a larger deadweight loss compared to markets with inelastic demand where consumers are less responsive to price changes.

Monopolies impose the largest deadweight loss in markets with elastic demands.

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