The inefficiency of a deadweight loss stems from the fact that:
A)consumers buy fewer units when the monopoly firm raises its price
B)high monopoly prices take money from consumers' pockets and put it in the pocket of the monopoly owners
C)consumers who still buy the product at the high price are worse off
D)all of the above are true

Question

Quizplus · Accepted Answer

Deadweight loss occurs because consumers buy fewer units when prices are raised, leading to a loss of total welfare in the market.

The Inefficiency of a Deadweight Loss Stems from the Fact