The Following Figure Shows the Marginal Revenue Curve [MR],the Demand

question 10

Multiple Choice

The following figure shows the marginal revenue curve [MR],the demand curve,and the marginal cost curve [MC] for a monopolist with constant costs.
Figure 15-2
-Suppose that the market in Figure 15-2 were served by an oligopoly such that the equilibrium output was 450.Then the welfare loss under oligopoly would be _____ percent of that under monopoly.

• A)400
• B)100
• C)75
• D)25

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