Are monopolies economically efficient? Consider the market to the right. Compared to the perfectly competitive outcome, what would be the change in surplus if instead the market had one supplier that was a monopoly? Use the triangle drawing tool to shade in the change in surplus. Properly label this shaded area. Carefully follow the instructions above, and only draw the required objects. Price and cost per unit 40- 36- 32- 28- 24- 20- M 16- 12- 8- 4- 0- 4 8 MR 12 16 20 24 28 32 36 Quantity MC

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