-The figure above shows the demand curve,marginal revenue curve,and marginal cost curve.The amount of consumer surplus when the market has a monopoly producer is ________ and the amount of consumer surplus when the market is perfectly competitive is ________.
Definitions:
Socioeconomic Status
An economic and sociological combined total measure of a person's work experience and of an individual's or family's economic and social position relative to others, based on income, education, and occupation.
Education
The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through the means of instruction, training, or research.
Conscientiousness
A personality trait characterized by being organized, responsible, and dependable.
Reference-Group Effects
The influence of social groups on an individual's behavior, attitudes, or beliefs.
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