Total Surplus Is in Which Type of Market Will Be

question 141

Multiple Choice

Total surplus is in which type of market will be highest?

• A)Perfect competition
• B)Monopoly
• C)Equally in perfect competition and monopoly
• D)Natural monopoly

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Definitions:

Compound

A substance formed from two or more chemical elements that are chemically bonded together, exhibiting unique properties.

Compound

A substance formed from the chemical combination of two or more elements in a fixed ratio.

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Compound

A substance made up of two or more different elements joined by chemical bonds in a fixed ratio, possessing unique properties different from its component elements.