One Way a Monopoly Can Convert Additional Consumer Surplus into Economic

question 59

Multiple Choice

One way a monopoly can convert additional consumer surplus into economic profit is to

• A) lower prices.
• B) raise prices.
• C) price discriminate.
• D) become more competitive.
• E) produce where price equals average total cost.

---

Definitions:

Threatened

A conservation status that indicates a species is likely to become endangered within the foreseeable future across all or a significant portion of its range.

Endangered

Refers to species at risk of extinction due to a significant decline in their population or habitat.

Biotic Pollution

The negative impact on ecosystems and native species caused by the introduction and spread of invasive organisms.

In Situ Conservation

Conservation efforts that concentrate on preserving biological diversity in the wild.