Please submit the answer and then watch the video feedback.3023201512109Price9 1215MCATCDQueorityMRAccording to the graph, the deadweight loss in this market arises from the monopoquantity and price differing from the efficient levels in which ways?Oa. 12 instead of 15 units; $20 instead of $15Ob. 15 instead of 12 units; $15 instead of $20

The term "deadweight loss" refers to the reduction in overall welfare or the social surplus as a result of factors such as taxes, subsidies, price ceilings or floors, externalities, and monopoly pricing.Solution:- In monopoly, MR=MC, giving q=12, and Adding that to the demand line provides us p= 20 In perfect competition, P=MC, giving us q= 15, p= 15 Therefore, the deadweight loss brought on a monopoly is caused by the market being $20 instead of $15 and selling 12 units instead of 15 units. Final Answer:- 12 instead of 15 units; $20 instead of $15 (Option 'a' is correct).

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30 23 20 15 12 10 Price 9 12 15 MC ATC D Qucosity MR According to the graph, the deadweight loss in this market arises from the mono quantity and price differing from the efficient levels in which ways? Oa. 12 instead of 15 units; $20 instead of $15 Ob. 15 instead of 12 units; $15 instead of $20

30 23 20 15 12 10 Price 9 12 15 MC ATC D Qucosity MR According to the graph, the deadweight loss in this market arises from the mono quantity and price differing from the efficient levels in which ways? Oa. 12 instead of 15 units; $20 instead of $15 Ob. 15 instead of 12 units; $15 instead of $20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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