FIGURE 12-3 -Refer to Figure 12-3.Comparing the Monopoly Equilibrium to the Perfectly

Multiple Choice

FIGURE 12-3
-Refer to Figure 12-3.Comparing the monopoly equilibrium to the perfectly competitive equilibrium,the area P₂P₃CB represents

A) the dead-weight loss of monopoly.
B) a redistribution of income from consumers to the monopolist.
C) the net gain in the monopolist's profits.
D) the net loss in the monopolist's profits.
E) a redistribution of income from the monopolist to the consumer.