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Subject - Economics:

Microeconomics

MCQ - 21-4031

Question:

Monopoly deadweight loss is the result of

  1. setting the price above marginal cost.
  2. setting the price above average total cost.
  3. monopoly output being greater than the competitive output.
  4. setting the price above average total cost.
  5. marginal revenue equaling marginal cost.

Correct Answer: A

Explanation:

If P = MC, the market is allocatively efficient and there is no deadweight loss. If the monopoly P > MC, DWL emerges.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Monopoly deadweight loss is the result of , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 21-4031.

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