With respect to monopolies, deadweight loss refers to the:

A) socially unproductive amounts of money spent to obtain or acquire a monopoly.
B) net loss in consumer and producer surplus due to a monopolist's pricing strategy/policy.
C) lost consumer surplus from monopolistic pricing.
D) none of the above

Monopolist's Pricing

The strategy used by a monopoly to determine the price of its product, often maximizing profits by controlling supply and determining demand.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Socially Unproductive

Activities or behaviors that do not contribute to, or may detract from, societal welfare or economic efficiency.