Multiple Choice
Figure 15-8 ![Figure 15-8 -Refer to Figure 15-8. What area represents the total surplus lost due to monopoly pricing? A) the rectangle (A-C) *X B) the triangle 1/2[(A-C) *(Y-X) ] C) the triangle 1/2[(A-B) *(Y-X) ] D) the rectangle (A-C) *X plus the triangle 1/2[(A-C) *(Y-X) ]](https://d2lvgg3v3hfg70.cloudfront.net/TB1273/11eb1463_af5b_0e2f_8021_2ddbaddb5950_TB1273_00.jpg)
-Refer to Figure 15-8. What area represents the total surplus lost due to monopoly pricing?
A) the rectangle (A-C) *X
B) the triangle 1/2[(A-C) *(Y-X) ]
C) the triangle 1/2[(A-B) *(Y-X) ]
D) the rectangle (A-C) *X plus the triangle 1/2[(A-C) *(Y-X) ]
Correct Answer:
Verified
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