The graph on the right illustrates the demand and marginal revenue curves facing a monopoly in an industry with no economies or diseconomies of scale. In the short and long run MC = ATC. The value of profit is $ . The value of consumer surplus is $. The value of deadweight loss is $ Review the graph to your right and identify the area of the graph each label represents. Label A Label B Label C monopoly profit consumer surplus deadweight loss Dollars ($) 45-.. 30- MC = ATC D 0 300 600 Units of output, Q 1200 Q