The deadweight or social loss of monopoly:

a. is representative of production inefficiency.
b. reflects a transfer from consumer surplus to monopoly profit.
c. is representative of the low sales resulting from the high price charged by the monopolist.
d. reflects that part of lost consumer surplus which is not transferred to monopoly profit.

d

Economics

You might also like to view...

An option allowing the holder to buy an asset in the future is a

A) put option. B) call option. C) swap. D) forward contract.

Economics

If a country's exchange rate rises, what happens to its exports and what happens to its imports?

Economics