Consumer Surplus Is

question 390

Multiple Choice

Consumer surplus is

• A) positive in the case of a monopolist practicing perfect price discrimination.
• B) equal to the price minus the marginal cost.
• C) less in the case of a single-price monopoly than in the case of a perfectly competitive industry.
• D) zero for a single-price monopolist.

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Definitions:

Relative Purchasing

The comparison of the purchasing power of various currencies against goods and services, adjusting for their price differences in different countries.

Export Development Canada

A Canadian government agency that provides financing, insurance, and other support to Canadian exporters and investors.

Federal Crown

A term referring to the sovereign power of the government in a monarchy, especially in context to its authority and jurisdiction.

Foreign Exchange Market

A global decentralized or over-the-counter market for trading currencies, where participants can buy, sell, exchange, and speculate on currencies.