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

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Monopoly

Section: Chapter Questions

Problem 11SQ

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