Use the Following Figure to Answer the Question : Figure

question 23

Multiple Choice

Use the following figure to answer the question : Figure 12-2 : shows the downward sloping demand and marginal revenue [MR] curves and the upward sloping marginal cost [MC] curve of a monopolist.
-Refer to Figure 12-2.Comparing the result of perfect competition with that of a perfectly price-discriminating monopolist,there is an efficiency loss equal to:

• A)area VWE.
• B)area HEF.
• C)area JHFK.
• D)zero.There will be no efficiency loss in either case.