Consumer Surplus

question 112

Multiple Choice

Consumer surplus

• A)exists when a monopolist practices perfect price discrimination.
• B)equals price minus marginal cost.
• C)is less in the case of a single-price monopoly than in the case of a perfectly competitive industry.
• D)equals zero for a single-price monopolist.
• E)is greater in a single-price monopoly than in a perfectly competitive industry.

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