1. (1) The price charged for goods produced is $15. The intersection of the marginal revenue and marginal cost curves occurs where output is 150 units and marginal revenue is $10. The socially efficient level of production is 160 units. The demand curve is linear and downward sloping, and the marginal cost curve is constant. The deadweight loss due to profit-maximizing monopoly pricing under the following conditions is $20.(2%)
(A)O
(B)X