Author Question: In the figure above, the deadweight loss created if the industry changes from perfectly competitive ... (Read 61 times)

tingc95 · **on:** Jun 29, 2018

In the figure above, the deadweight loss created if the industry changes from perfectly competitive to a single-price, unregulated monopoly is

A) zero.
B) 8.00 per day.
C) 24.00 per day.
D) 36.00 per day.

Question 2

The figure above shows a perfectly competitive firm. When the firm maximizes its profit, its economic profit

A) is more than 300.
B) is 300.
C) is less than 300.
D) The premise of the question is wrong because the firm is incurring an economic loss.