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

question 29

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 would be _____ as compared to the welfare loss of _____ under monopoly.

• A)$37.50;$150
• B)$75;$150
• C)$37.50;$450
• D)$75;$450

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