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No Competition No Consumer Interest: Regulation v.s. Deregulation - page 10 / 27

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10 / 27

10

B

A

Quantity

AR

MR

MC

Pm

QC

PC

Qm

C

Lost Consumer Surplus

Deadweight

Loss

Because of the higher

price, consumers lose

A+B and producer

gains A-C.

Income transfer

P

Monopoly

Social welfare =

Consumers’ surplus +  producers’ surplus

Social welfare = public interest

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