Deadweight Loss for a Monopoly

Initializing live version
Download to Desktop

Requires a Wolfram Notebook System

Interact on desktop, mobile and cloud with the free Wolfram Player or other Wolfram Language products.

By having monopoly power, a firm earns above-normal profits. However, that gain is not enough to offset the combined loss of consumer surplus and producer surplus (deadweight loss 1 and 2, respectively).

Contributed by: Samuel G. Chen (March 2011)
Open content licensed under CC BY-NC-SA




Feedback (field required)
Email (field required) Name
Occupation Organization
Note: Your message & contact information may be shared with the author of any specific Demonstration for which you give feedback.