Use the Following to Answer Questions

question 24

Multiple Choice

Use the following to answer questions:
Scenario: Monopolist
The demand curve for a monopolist is P = 75 - 0.5Q, and the monopolist has the following MC expressed as P = 2Q. Assume also that ATC at the profit-maximizing level of production is equal to $12.50.
-(Scenario: Monopolist) Look at the scenario Monopolist. The deadweight loss from this monopolist's production is:

• A) $31.25.
• B) $12.50.
• C) $0.00
• D) $30.00.

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