-In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents
A) consumer surplus.
B) producer surplus.
C) deadweight loss.
D) marginal revenue.

Question

-In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents
A) consumer surplus. 
B) producer surplus. 
C) deadweight loss. 
D) marginal revenue.

Quizplus · Accepted Answer

The triangle dce represents deadweight loss because it represents the loss of consumer and producer surplus that occurs when a monopolist charges a price above marginal cost.

-In the Above Figure, If a Single-Price Monopolist Charges the Profit-Maximizing