Suppose the GoSports Pennant Monopoly Is Broken Up and the Pennant

question 339

Multiple Choice

Suppose the GoSports pennant monopoly is broken up and the pennant industry becomes perfectly competitive. We would expect the _____ to increase and _____ to decrease after the breakup.

• A) producer surplus; consumer surplus and total surplus
• B) consumer surplus; producer surplus and total surplus
• C) consumer surplus and total surplus; producer surplus
• D) producer surplus and total surplus; consumer surplus

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Definitions:

Preconscious

Refers to the part of the mind that contains information that is not currently in conscious thought but can easily be brought into consciousness.

Conscious

The state of being aware of and able to think about one’s own existence, sensations, thoughts, surroundings, and experiences.

Sleep Apnea

A condition where an individual experiences interruptions in breathing or shallow breaths while sleeping.

Anatomical Deformities

Physical abnormalities present at birth or developed later in life, affecting the structure or function of the body.