Concept Question 3.1 Normally, a monopoly produces less output than the same industry would if it were competitive. Using the triangle drawing fool, indicate an area that measures the loss to society that results from this output restriction. Label it 'DWL' Note: Carefully follow the instructions above and only draw the required object Click the graph, choose a tool in the palette and follow the instructions to create your graph All parts showing Clear All Price ($) Monopoly and Competitive Conditions Compared 100- 90- 80- 70- 60- 50- 40- 30- 20 10- MR MC-ATC D 10 20 30 40 50 60 70 80 90 100 Units of Output Check Answer Question H