Refer to the Information Provided in Figure 13

question 317

Multiple Choice

Refer to the information provided in Figure 13.11 below to answer the question(s) that follow. Figure 13.11
-Refer to Figure 13.11. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. What is the economic welfare loss from having a monopoly instead of a perfectly competitive industry supplying widgets?

• A) $0
• B) $4,000
• C) $16,000
• D) Indeterminate from the given information.

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