(Figure: Regulated Vs Unregulated Monopolist) Refer to Thefigure

question 3

Multiple Choice

(Figure: Regulated vs Unregulated Monopolist) Refer to thefigure. Calculate the deadweight loss when this monopoly goesunregulated.

• A)$6,400
• B)$2,800
• C)$850
• D)$400

---

Definitions:

Civic Authorities

Government or municipal bodies responsible for managing local affairs, services, and regulations within a community or city.

Long-run Supply Function

A relationship showing the quantity of goods that will be supplied over a longer period when all inputs can be varied.

Rental Apartments

Housing units that are available for rent, typically within a larger building or complex, offering living accommodation to tenants.

Equilibrium Price

The price at which the quantity of a good or service supplied equals the quantity demanded, resulting in market balance.