Market Diagram The Following Questions Refer to the Accompanying Market Diagram. PC

Multiple Choice

Market Diagram

The following questions refer to the accompanying market diagram. PC and QC are the equilibrium price and quantity if the firm behaves competitively, and PM and QM are the equilibrium price and quantity if the firm is a simple monopoly.

-Refer to the market diagram.Of the surplus that the consumers lose because there is a monopoly (and not perfect competition) ,how much has become deadweight loss?

A) Area E
B) Area H
C) Area E + H
D) Area C + D + H