Suppose that a perfectly competitive industry becomes a monopoly.What effect will this have on consumer surplus, producer surplus, and deadweight loss?

Name: Suppose that a perfectly competitive industry becomes a monopoly.What effect will this have on consumer surplus, producer surplus, and deadweight loss?
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The Answer of Suppose that a perfectly competitive industry becomes a monopoly.What effect will this have on consumer surplus, producer surplus, and deadweight loss?

Suppose That a Perfectly Competitive Industry Becomes a Monopoly