FIGURE 12-3
-Refer to Figure 12-3. Comparing the monopoly equilibrium to the perfectly competitive equilibrium, the area
P2P3CB represents
A) the dead-weight loss of monopoly.
B) a redistribution of income from consumers to the monopolist.
C) the net gain in the monopolistʹs profits.
D) the net loss in the monopolistʹs profits.
E) a redistribution of income from the monopolist to the consumer.

Question

FIGURE 12-3
-Refer to Figure 12-3. Comparing the monopoly equilibrium to the perfectly competitive equilibrium, the area
P2P3CB represents
A) the dead-weight loss of monopoly. 
B) a redistribution of income from consumers to the monopolist. 
C) the net gain in the monopolistʹs profits. 
D) the net loss in the monopolistʹs profits. 
E) a redistribution of income from the monopolist to the consumer.

Quizplus · Accepted Answer

The Answer of  FIGURE 12-3
-Refer to Figure 12-3. Comparing the monopoly equilibrium to the perfectly competitive equilibrium, the area
P2P3CB represents
A) the dead-weight loss of monopoly. 
B) a redistribution of income from consumers to the monopolist. 
C) the net gain in the monopolistʹs profits. 
D) the net loss in the monopolistʹs profits. 
E) a redistribution of income from the monopolist to the consumer.

FIGURE 12-3 -Refer to Figure 12-3. Comparing the Monopoly Equilibrium to the to the Perfectly