Taking Competitive Rent Seeking Activity into Account,the Social Cost of Monopoly

question 28

Multiple Choice

Taking competitive rent seeking activity into account,the social cost of monopoly is equal to the

• A)deadweight loss from monopoly.
• B)monopoly's producer surplus.
• C)deadweight loss plus the monopoly's producer surplus.
• D)deadweight loss minus the monopoly's producer surplus.
• E)consumer surplus lost plus producer surplus lost.

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