Multiple Choice
The following figure shows the marginal revenue curve [MR],the demand curve,and the marginal cost curve [MC] for a monopolist with constant costs.
Figure 15-2
-Refer to Figure 15-2.Since there is a positive deadweight loss from monopoly,which of the following statements must be true?
A) The gain in producer surplus should not exceed $450.
B) The loss in total surplus should be lesser than or equal to $300.
C) The loss in consumer surplus should not exceed $600.
D) The gain in total surplus should exceed the loss in consumer surplus.
Correct Answer:

Verified
Correct Answer:
Verified
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