Consider a Profit-Maximising Monopoly Pricing Under the Following Conditions

Multiple Choice

Consider a profit-maximising monopoly pricing under the following conditions. The profit-maximising price charged for goods produced is $32. The intersection of the marginal-revenue and marginal-cost curves occurs where output is 10 units and marginal cost is $16. The socially efficient level of production is 12 units. The demand curve and marginal-cost curves are linear. What is the deadweight loss?

A) $8
B) $16
C) $48
D) none of the above