Use the Following Table to Answer the Question : Table

question 17

Multiple Choice

Use the following table to answer the question : Table 15-2: shows the marginal revenue curve [MR],the demand curve,and the marginal cost curve [MC] for a monopolist with constant costs.

-Refer to Figure 15-2.Since there is a positive deadweight loss from monopoly,which of the following statements must be true?

• A)The gain in producer surplus should not exceed $450.
• B)The loss in total surplus should be lesser than or equal to $300.
• C)The loss in consumer surplus should not exceed $600.
• D)The gain in total surplus should exceed the loss in consumer surplus.

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