-When the Market Becomes Uncompetitive and Output Is Reduced to 500

question 9

Multiple Choice

-When the market becomes uncompetitive and output is reduced to 500 000 units,the deadweight loss is:

• A)$0.5 million
• B)$1 million
• C)$1.5 million
• D)$2 million
• E)$2.5 million