The Following Figure Depicts a Generalized Downward-Sloping Market Demand (D)curve

question 139

Multiple Choice

The following figure depicts a generalized downward-sloping market demand (D) curve for a product.It also shows the firm's relevant marginal revenue (MR) curve and marginal cost (MC) curve.Use this figure to answer the following questions:

-If the firm moves from a perfect competition model to a monopolist model that charges a single price of $6,there would be ________ in total welfare.

• A) a loss of $160
• B) a gain of $80
• C) a loss of $40
• D) a gain of $120
• E) no change

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