1Price 30 MC 23 20 15 ATC D 9 12 Quantity 15 \MR The graph above describes the market for a monopolist. What would be the consumer surplus (CS) and deadweight loss (DWL) at the profit-maximizing level of output? O CS= $75; DWL= $12 O CS= $60; DWL=$24 CS= $60; DWL= $12 CS= $75; DWL=$24
1Price 30 MC 23 20 15 ATC D 9 12 Quantity 15 \MR The graph above describes the market for a monopolist. What would be the consumer surplus (CS) and deadweight loss (DWL) at the profit-maximizing level of output? O CS= $75; DWL= $12 O CS= $60; DWL=$24 CS= $60; DWL= $12 CS= $75; DWL=$24
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Question 30
Price
30
MC
23
20
15
ATC
12
10
D
9 12
15
\MR
Quartity
The graph above describes the market for a monopolist. What would be the consumer surplus (CS) and deadweight loss (DWL) at the profit-maximizing level of output?
CS= $75; DWL= $12
CS= $60; DWL=$24
CS= $60; DWL= $12
CS= $75; DWL=$24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc24eee91-a2ed-4728-88b7-01d679304693%2F5a00a4f0-d1cd-4f31-824c-83c7d2f3787e%2Fs822n7_processed.png&w=3840&q=75)
Transcribed Image Text:Question 30
Price
30
MC
23
20
15
ATC
12
10
D
9 12
15
\MR
Quartity
The graph above describes the market for a monopolist. What would be the consumer surplus (CS) and deadweight loss (DWL) at the profit-maximizing level of output?
CS= $75; DWL= $12
CS= $60; DWL=$24
CS= $60; DWL= $12
CS= $75; DWL=$24
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