Question

Is a monopolist allocatively efficient? Why or why not?

Short answer

Monopolists are not allocatively proficient, on the grounds that they don't deliver at the amount where P = MC.

Step-by-step solution

definition 

Monopolist is the person who overwhelms and controls the market for a particular decent or administration since he is the spirit merchant of a ware and has no nearby substitute. For eg : Railways

Explanation

Monopolists don't create at the amount where P = MC. Accordingly, monopolists produce less, at a higher normal expense, and charge a greater cost than would a mix of firms in an entirely aggressive industry. Monopolists likewise may need motivations for advancement, since they need not dread passage, for that reason they are not allocative effective.