If a Monopolist Set the Quantity Produced at MR =

question 56

Multiple Choice

If a monopolist set the quantity produced at MR = MC and charge a price according to the market demand curve,then:

• A)a deadweight loss is created as a result of a lower consumer surplus.
• B)a deadweight loss is created as a result of a higher consumer surplus.
• C)a deadweight loss is created as a result of a loss to the monopolist.
• D)a deadweight loss is created as a result of higher output produced and higher price charged by the monopolist.

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