Consider a Profit-Maximizing Monopoly Pricing Under the Following Conditions: the Profit-Maximizing

question 220

Multiple Choice

Consider a profit-maximizing monopoly pricing under the following conditions: the profit-maximizing price charged for goods produced is $14; the intersection of the marginal-revenue and marginal-cost curves occurs where output is 10 units and marginal cost is $8; and the socially efficient level of production is 12 units.The demand curve and marginal-cost curves are linear.What is the deadweight loss

• A)$4
• B)$6
• C)$12
• D)$16

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