-The figure above shows the demand curve,marginal revenue curve,and marginal cost curve.The deadweight loss when the market has a monopoly producer is
A) ace.
B) abf.
C) bcd.
D) bcef.
E) acd.

Question

-The figure above shows the demand curve,marginal revenue curve,and marginal cost curve.The deadweight loss when the market has a monopoly producer is
A) ace. 
B) abf. 
C) bcd. 
D) bcef. 
E) acd.

Quizplus · Accepted Answer

Deadweight loss in a monopoly occurs where the marginal cost curve intersects the demand curve, but production is reduced to where marginal revenue equals marginal cost. This area is represented by bcd in the figure.

-The Figure Above Shows the Demand Curve,marginal Revenue Curve,and Marginal