Use the Following to Answer Question

question 207

Multiple Choice

Use the following to answer question:
Figure: The Profit-Maximizing Output and Price
-(Figure: The Profit-Maximizing Output and Price) Use Figure: The Profit-Maximizing Output and Price.Assume that there are no fixed costs and AC = MC = $200.If this were a perfectly competitive industry,deadweight loss would be:

• A)$0.
• B)$200.
• C)$1,600.
• D)$3,200.

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Definitions:

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