Monopolies do not produce the efficient quantity.

Concept #1: Monopoly Efficiency and Deadweight Loss

Practice: An unregulated monopoly will sell: 

Practice: If the monopolist’s fixed cost is $25, the monopoly’s total costs when maximizing profit is: 

Practice: If the monopolist’s fixed cost is $25, the monopoly’s total economic profit when maximizing profit is: 

Practice: The deadweight loss created by the monopoly is: