Question: Answer it correctly please. explain your choice. I will rate with multiple votes... Which of the following statements is (are) TRUE? I. The deadweight loss

Answer it correctly please. explain your choice. I will rate with multiple votes...

Which of the following statements is (are) TRUE? I. The deadweight loss from a monopoly refers to the loss in consumer surplus that is captured by the monopolist as profit. II. According to theory, if the government sets a natural monopolist's price equal to marginal cost, the socially optimum quantity of output will result. III. If the government sets a natural monopolist's price equal to marginal cost, the monopolist will always earn a profit. II only OI, II, and III I only 1 and III only

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