For the Same Demand and Cost Conditions,which of the Following

question 41

Multiple Choice

For the same demand and cost conditions,which of the following is true?

• A)Consumer surplus and producer surplus are both lesser in a monopoly market compared to perfect competition.
• B)Consumer surplus is lesser but producer surplus is greater in a monopoly market compared to perfect competition.
• C)Consumer surplus is greater and producer surplus is lesser in a monopoly market compared to perfect competition.
• D)Consumer surplus and producer surplus are both greater in perfect competition than in a monopoly.

---

Definitions:

GABA

Gamma-aminobutyric acid, a neurotransmitter in the brain that plays a key role in inhibiting nerve transmission, thus reducing neuronal excitability.

Acetylcholine

A neurotransmitter involved in many functions including muscle movement and memory.

Curare

A toxic plant extract used traditionally as an arrow poison and medically to relax muscles during surgery.

Antagonist

A substance that blocks or dampens the action of a neurotransmitter or hormone, or a character in a story who opposes the protagonist, creating conflict.