When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent d. the higher marginal revenues gained by the monopolists in comparison to competitive firms.

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In a monopoly market, the monopolist has the power to set the price of the product and restrict the quantity supplied in order to maximize their profits. This results in higher prices for consumers, which represents a transfer of benefits from the consumer to the producer (monopolist). Therefore, profits earned by the monopolist represent a transfer of benefits from the consumer to the producer.

When We Compare Economic Welfare in a Monopoly Market to a Competitive