The graph shows the demand and cost conditions facing a perfectly competitive industry.

If the industry is taken over by a monopoly, what is the deadweight loss that results from the behavior of the monopoly?

The deadweight loss that results from the behavior of the monopoly is -answer- per year

Remember that the quantity given on the x-axis is in thousands of pizzas.

Price and cost (dollars per pizza) 40 36-1 32- 28- 24 24- 20- MC 16 8 8 D 16 MR 124 4 12 16 20 24 28 Quantity (thousands of pizzas per year)