Assume Someone Organizes All Farms in the Nation into a Monopoly.As

question 218

Multiple Choice

Assume someone organizes all farms in the nation into a monopoly.As a result,consumer surplus will

• A) not change.
• B) increase.
• C) decrease.
• D) either increase, decrease, or not change depending if the monopoly's marginal revenue curve lies below, above, or is the same as its demand curve.
• E) None of the above answers is correct because the effect on consumer surplus depends on whether the monopoly is a single-price or a price-discriminating monopoly.

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