Which statement(s) is (are) true? I. In the case of a deadweight loss, marginal cost exceeds marginal revenue II. Deadweight loss would be eliminated if price and marginal cost are equal A) Statement I is true B) Statement II is true C) Statements I and II are true D) Statements I and II are false Solution H ello Pal, F irst of all a very nice as well as intersting question from your side. S o now straight to the question, as asked above with all the information available from your side and from mine, the answer is as under: A fter calculation of the above given information, we can conclude that the answer out of the above mentioned options will be option (C) that is both are true. T hat is all I can say from the above given information by you, hope have solved your problem to some extent. R egards. .

1. Which statement(s) is (are) true?
I. In the case of a deadweight loss, marginal cost exceeds marginal revenue
II. Deadweight loss would be eliminated if price and marginal cost are equal
A) Statement I is true
B) Statement II is true
C) Statements I and II are true
D) Statements I and II are false
Solution
H ello Pal,
F irst of all a very nice as well as intersting question from your side.
S o now straight to the question, as asked above with all the information available from your side
and from mine, the answer is as under:
A fter calculation of the above given information, we can conclude that the answer out of the
above mentioned options will be option (C) that is both are true.
T hat is all I can say from the above given information by you, hope have solved your problem to
some extent.
R egards.