A Single-Price Monopoly Transfers

question 153

Multiple Choice

A single-price monopoly transfers

• A) consumer surplus to producers.
• B) producer surplus to consumers.
• C) economic profit to consumers.
• D) economic profit to the government.
• E) economic profit to deadweight loss.

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Definitions:

Means-tested

A method of determining eligibility for certain forms of financial aid or social services that is based on the applicant's income and assets.

In-kind Benefit

Non-monetary goods or services provided to individuals in need, such as food assistance, housing, or healthcare, instead of cash payments.

Welfare Program

Governmental provisions designed to support the well-being of its citizens, particularly those in financial or social need.

Income Distribution

The way in which total income is shared among the population.