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 ![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 -Suppose that the market in Figure 15-2 were served by an oligopoly such that the equilibrium output was 450.Then the welfare loss would be _____ as compared to the welfare loss of _____ under monopoly. A) $37.50;$150 B) $75;$150 C) $37.50;$450 D) $75;$450](https://d2lvgg3v3hfg70.cloudfront.net/TB1825/11ea77e2_d74c_f30a_91bf_89459b1df2d0_TB1825_00_TB1825_00_TB1825_00_TB1825_00_TB1825_00_TB1825_00.jpg)
-Suppose that the market in Figure 15-2 were served by an oligopoly such that the equilibrium output was 450.Then the welfare loss would be _____ as compared to the welfare loss of _____ under monopoly.
A) $37.50;$150
B) $75;$150
C) $37.50;$450
D) $75;$450
Correct Answer:
Verified
Correct Answer:
Verified
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