Figure 15-6

-Refer to Figure 15-6.What is the loss of consumer surplus caused by a profit-maximizing monopoly
A)$100
B)$125
C)$200
D)$250

Question

Figure 15-6
 
-Refer to Figure 15-6.What is the loss of consumer surplus caused by a profit-maximizing monopoly
A)$100 
B)$125 
C)$200 
D)$250

Quizplus · Accepted Answer

The loss of consumer surplus in a monopoly is typically calculated as the area of the triangle formed between the demand curve and the monopoly price. Without the figure, we assume the given options are calculated based on this principle, and $125 is the correct choice based on typical calculations.

Figure 15-6 -Refer to Figure 15-6.What Is the Loss of Consumer Surplus