In Figure 17-4,below,initial Demand,marginal Cost,and Marginal Revenue Curves (None of Them

Multiple Choice

In Figure 17-4,below,initial demand,marginal cost,and marginal revenue curves (none of them shown) caused the firm to produce the profit-maximizing quantity Y₀ at a price of P₀.Now the demand and marginal cost curves have moved to those shown,with the marginal revenue curve running through point L.
Figure 17-4

-If the firm in Figure 17-4 above maintains its set price of P₀,rather than dropping price to P₁,the welfare loss to society due to this decision is

A) J + K.
B) K - G.
C) G + H.
D) H + K.
E) F + G + H.