The Following Figure Shows Revenue and Cost Curves of a Monopolist.Figure

Multiple Choice

The following figure shows revenue and cost curves of a monopolist.Figure 11.8
AR: Average revenue curve
MR: Marginal revenue curve
MC: Marginal cost curve
-According to Figure 11.8, the deadweight loss of monopoly is:

A) the area ABC.
B) the area BCD.
C) the area ACD.
D) the area P₃P₂AC.
E) the area P₃P₄DC.