\f5. If this market moved from perfect competition to monopoly, the area of consumer surplus would decrease while the area of producer surplus would (Increase or decrease) B. If this market was a monopoly, society would like to see (more or less) produced. We know this because price would be (greater than, equal to, or less than) the marginal cost of production. 7. A perfectly competitive market has no deadweight loss. However, a monopoly will produce deadweight loss. In this case, If the market above was a monopoly, the area of deadweight loss would be triangle We know a monopoly does not reach allocation efficiency be cause does not equal at the profit maximizing level of output