The deadweight loss due to monopoly:. 1. would still exist in a competitive market.
2. represents a benefit to society.
3. is equal to monopoly profit.
4. exists because the monopoly restricts output.
Which of the following is not a true statement?
1. In a monopoly market, P = MR at the monopoly output.
2. If P = MC, there is no deadweight loss.
3. In a competitive market, P = MC at the efficient output.
4. In a monopoly market, P > MC at the monopoly output.

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.