-The Figure Above Shows the Demand for and Costs of Producing

question 342

Multiple Choice

-The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly that charges one price to all customers, then consumer surplus is ________ and it creates a deadweight loss of ________.

• A) $800; $400
• B) $200; $100
• C) $400; $200
• D) $0; $200

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Definitions:

Adjectives

Words used in language to describe, modify, or quantify nouns or pronouns, adding detail or information.

Separate

To set or keep apart; to divide or segregate items, individuals, or elements from a group.

Business Letter

A formal document often used for communication between companies, or between a company and its customers, clients, or other external parties.

Enclosures

Physical spaces or structures that are enclosed or areas where documents are attached to correspondence.