By reducing its output compared to a competitive market, a ...

[chandani]

By reducing its output compared to a competitive market, a monopoly leads to
 
  A) a more efficient use of resources.
  B) external benefits.
  C) external costs.
  D) a deadweight loss.

Question 2

The figure shows the market for books before and after a sales tax is introduced. Each week, the tax creates a deadweight loss of ________, decreases consumer surplus by ________, and decreases producer surplus by ________.
 
  A) 15; 10; 5
  B) 12; 8; 4
  C) 3; 10; 5
  D) 3; 2; 1

[peilian]

Answer to Question 1

D

Answer to Question 2

C

[chandani]

Thanks for the timely response, appreciate it

[softEldritch]

Excellent