What is the nature of the elasticity of the demand curve faced by perfectly competitive firm?

What is an indifference curve? Can two indifference curves intersect? Explain your answer

What will be an ideal response?

Refer to the market diagram. Of the surplus that the consumers lose because there is a monopoly (and not perfect competition), how much has become deadweight loss?

The following questions refer to the accompanying market diagram. PC and QC are the equilibrium price and quantity if the firm behaves competitively, and PM and QM are the equilibrium price and quantity if the firm is a simple monopoly.

a. Area E
b. Area H
c. Area E + H
d. Area C + D + H