Use the above figure. The profit this monopolist earns is closest to

In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents

A) consumer surplus. B) producer surplus. C) deadweight loss. D) marginal revenue.

If you and I agree to exchange four ginger snaps for one chocolate chip cookie, then it must be true that

a. we are both at least as well off as we were before b. I am better off than I was before, but you are not c. you are better off than you were before, but I am not d. we are both better off than before e. we are both worse off than before