In the following graph, MR and AR represent the marginal revenue and average revenue curves of a monopoly ﬁrm respectively. MC represents the marginal cost curve of the ﬁrm. Refer to the graph to answer the question. When price is P2, the dead-weight loss in the market is equal to the area _____.

Question

In the following graph, MR and AR represent the marginal revenue and average revenue curves of a monopoly ﬁrm respectively. MC represents the marginal cost curve of the ﬁrm. Refer to the graph to answer the question.  When price is P2, the dead-weight loss in the market is equal to the area _____.

Quizplus · Accepted Answer

The Answer of In the following graph, MR and AR represent the marginal revenue and average revenue curves of a monopoly ﬁrm respectively. MC represents the marginal cost curve of the ﬁrm. Refer to the graph to answer the question.  When price is P2, the dead-weight loss in the market is equal to the area _____.

In the Following Graph, MR and AR Represent the Marginal