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On the graph, what is the deadweight loss caused by the monopolist? Also, what i

ID: 1193133 • Letter: O

Question

On the graph, what is the deadweight loss caused by the monopolist? Also, what is the dollar value of this loss?

Hey guys if you could explain this in any way that would be cool. If you can't, that's okay as well, but anything that gets me closer to an answer would be helpful. Thanks.

70 -MC -. AVC -ATC Monoploy Market QTCMCD MR 60 0 40063 63 10 45075955 20540 11 55 47 3067015 5139 40 840 19 47 31 501050 23 4323 60 1300 27 39 15 70 1590 31 35 7 80 1920 35 31 90 229039 27 50 40 30 20 10 0 10 20 30 40 50 60 70 80 90 100110 120 130

Explanation / Answer

it is the area of te quadilateral formed the coordinates (100.20), (60,15), (50,20) and (75,30)

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