Use the Information Below to Answer the Following Questions

question 25

Multiple Choice

Use the information below to answer the following questions.
Fact 13.3.1 What the Apple-Samsung Verdict Means for Your Smartphone
A California jury found Samsung guilty of violating the majority of the patents in question, including software features like double-tap zooming and scrolling. It recommended that Apple be awarded more than $1 billion in damages. This verdict could significantly affect both smartphone users and producers.
Source: CNN Money, August 26, 2012
-Refer to Fact 13.3.1. Suppose the smartphone market becomes perfectly competitive. Choose the statement that is incorrect when we compare the perfectly competitive market to a monopoly.

• A)Society gains.
• B)Producers of smartphones gain.
• C)Consumers of smartphones gain.
• D)Total surplus increases.
• E)Deadweight loss is eliminated.

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Definitions:

Light

A form of electromagnetic radiation visible to the human eye, responsible for the sense of sight.

Absolute Threshold

The minimum stimulus intensity that an organism can detect at least 50% of the time.

Subliminal Stimulation

Sensory stimulation below a person’s absolute threshold for conscious perception.

Ancient Greek

Relating to the language, culture, or history of Greece, particularly during the classical period before the Roman conquest.