In Ausland (population 100), everyone wants to buy one satellite cable and is willing to pay $50 per cable. The cable is supplied by a monopolist,...

In Ausland (population 100), everyone wants to buy one satellite cable and is willing to pay $50 per cable. The cable is supplied by a monopolist, who has a constant marginal cost of $10. If the monopolist sets a price equal to the consumers' maximum willingness to pay, then:

Select one:

a. there will be no deadweight loss.

b. there will be some deadweight loss.

c. the quantity traded will be at a less-than-efficient level.

d. it is not possible to infer about the dead weight loss from the given information.