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:

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and fear.

Talkativeness

The tendency to engage in excessive talking, often characterized by the frequent and prolonged expression of thoughts, feelings, or information.

Organization

The act or process of structuring or arranging components in a systematic way to achieve goals or maintain order.

Moral Principle

Fundamental beliefs about what is right and wrong that guide an individual's behavior and decision-making.