Choose the Correct Statement

Multiple Choice

Choose the correct statement.The deadweight loss from monopoly pricing arises because:
i. monopolists profits are a transfer from consumers to producers
ii. the value some consumers place on the good is greater than the cost of providing it
iii. the market price is above marginal cost

A) (i) and (ii)
B) (ii) and (iii)
C) (iii) only
D) (i) , (ii) and (iii)