Concept: Measuring Efficiency Losses 1 Question H Are monopolies economically efficient? Consider the market to the right. Compared to the perfectly competitive outcome, what would be the change in surplus if instead the market had one supplier that Price and cost per u was a monopoly? Use the triangle drawing tool to shade in the change in surplus. Properly label this shaded area. Carefully follow the instructions above, and only draw the required objects. MR 8 12 16 20 24 28 32 36 40 Selected: 4 Delete Clear none Click the graph, choose a tool in the palette and follow the instructions to create your graph. All parts showing Clear All Final Check P Pearson