With a monopolist's outcome, consumer surplus is:
A. higher than that of a competitive market.
B. lower than that of a competitive market.
C. the same as that of a competitive market.
D. Any of these is possible.
B. lower than that of a competitive market.
Economics
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When moving along a demand curve, which of the following changes?
A) the consumers' incomes B) the price of the good C) the number of buyers D) the consumers' preferences E) the prices of other goods
Economics
Scarcity means we must
A) consume less. B) produce less. C) make choices. D) earn more. E) work more.
Economics