The Following Questions Refer to the following graph.For each question,disregard any irrelevant lines.
-The area of the triangle ABC reflects the

Question

The Following Questions Refer to the following graph.For each question,disregard any irrelevant lines. 
-The area of the triangle ABC reflects the

Quizplus · Accepted Answer

The area of the triangle ABC represents the dead-weight welfare loss which is the decrease in total surplus (consumer surplus+ producer surplus) due to a monopoly. The monopoly restricts output and raises price, causing a reduction in consumer surplus and producer surplus, resulting in a dead-weight loss represented by the area of the triangle.

The Following Questions Refer to the Following Graph