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? 2008 Pearson Addison Wesley. All rights reserved. 11-* Welfare Effects of Monopoly Welfare, (here defined as the sum of consumer surplus, , and producer surplus, ), is lower under monopoly than under competition. ? 2008 Pearson Addison Wesley. All rights reserved. 11-* Figure 11.5Deadweight Loss of Monopoly ? 2008 Pearson Addison Wesley. All rights reserved. 11-* Figure 11.5 Deadweight Loss of Monopoly Deadweight Loss of Monopoly. A competitive market would produce at , where the demand curve intersects the marginal cost (supply) curve. A monopoly pr