Under Which of the Following Is Consumer Surplus Zero

question 238

Multiple Choice

Under which of the following is consumer surplus zero?

• A) all types of monopoly
• B) only single-price monopoly
• C) only perfectly price-discriminating monopoly
• D) only price discrimination on the basis of the number of units purchased
• E) perfect competition

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Definitions:

Test Statistic

A figure determined from data samples, which is used during a hypothesis test to evaluate whether to refuse the null hypothesis.

Type I Error

An erroneous denial of a valid null hypothesis, commonly called a "false positive."

Null Hypothesis

A hypothesis used in statistics that suggests there is no significant difference or effect, typically to be tested against an alternative hypothesis.

Alternative Hypothesis

The hypothesis that proposes a difference or relationship exists between two variables, contrasting the null hypothesis.