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

Question

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

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 net loss in the monopolist's profits. 
B) the dead- weight loss of monopoly. 
C) the net gain in the monopolist's profits. 
D) a redistribution of income from the monopolist to the consumer. 
E) a redistribution of income from consumers to the monopolist.

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