The accompanying graph represents the purely competitive market for a product. When the market is at equilibrium, the deadweight loss would be
A)area a.
B)area b.
C)area d.
D)zero.

Question

The accompanying graph represents the purely competitive market for a product. When the market is at equilibrium, the deadweight loss would be
A)area a. 
B)area b. 
C)area d. 
D)zero.

Quizplus · Accepted Answer

The Answer of  The accompanying graph represents the purely competitive market for a product. When the market is at equilibrium, the deadweight loss would be
A)area a. 
B)area b. 
C)area d. 
D)zero.

The Accompanying Graph Represents the Purely Competitive Market for a Product