The graph on the right illustrates the demand and marginal revenue curves facing a monopoly in...

    

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The graph on the right illustrates the demand and marginal revenue curves facing a monopoly in an industry with no economies or diseconomies of scale. In the short and long run MC = ATC. The value of profit is $. The value of consumer surplus is $. The value of deadweight loss is $ Review the graph to your right and identify the area of the graph each label represents. Label A Label B Label C monopoly profit consumer surplus deadweight loss Dollars ($) 60- 45+ 30- 300 D 600 Units of output, Q MC = ATC 1200 The graph on the right illustrates the demand and marginal revenue curves facing a monopoly in an industry with no economies or diseconomies of scale. In the short and long run MC = ATC. The value of profit is $. The value of consumer surplus is $. The value of deadweight loss is $ Review the graph to your right and identify the area of the graph each label represents. Label A Label B Label C monopoly profit consumer surplus deadweight loss Dollars ($) 60- 45+ 30- 300 D 600 Units of output, Q MC = ATC 1200

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