The largest category of the unemployed are

Using the table provided above, which of the following statements is TRUE?

A) Income inequality is decreasing. B) Incomes are increasing. C) Incomes are decreasing. D) Income inequality is increasing.

If a market is controlled by one perfect price discriminator who is able to charge each consumer the highest price that consumer is willing to pay, the seller will produce output until the price paid by the last consumer is equal to the marginal cost of making the good. That is, the price of the last good equals the marginal cost of making the good. If welfare is measured as consumer surplus plus

producer surplus, compare this market structure to a competitive market in terms of efficiency and equity. What will be an ideal response?