Changes

'''7.''' Most government regulation in economic affairs is detrimental, with a few exceptions, which monopolies are not one of. Monopolists do charge higher prices, but current government regulation prevents them from worsening their products. A monopoly is usually the result of intensive and dedicated labor, and government breakup of them only takes the reward from the founders.

'''7.''' Most government regulation in economic affairs is detrimental, with a few exceptions, which monopolies are not one of. Monopolists do charge higher prices, but current government regulation prevents them from worsening their products. A monopoly is usually the result of intensive and dedicated labor, and government breakup of them only takes the reward from the founders.

'''8.''' The deadweight loss is the total loss in consumer surplus when a monopoly reduces output to increase price per unit. For a monopoly, it is defined as P-MC.

'''8.''' The deadweight loss is the total loss in consumer surplus when a monopoly reduces output to increase price per unit. For a monopoly, it is defined as P-MC.