-The figure above shows the demand curve, marginal revenue curve, and marginal cost curve. The deadweight loss when the market has a monopoly producer is
A) bcd.
B) bcef.
C) acd.
D) ace.
E) abf.

Question

-The figure above shows the demand curve, marginal revenue curve, and marginal cost curve. The deadweight loss when the market has a monopoly producer is
A) bcd. 
B) bcef. 
C) acd. 
D) ace. 
E) abf.

Quizplus · Accepted Answer

The deadweight loss is the area between the demand curve and the marginal cost curve above the quantity produced by the monopoly. This area is represented by triangle bcd.

-The Figure Above Shows the Demand Curve, Marginal Revenue Curve