The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, compared to a monopoly who charges a single price, the change in producer surplus is
A) B + D.
B) A.
C) A + C + E.
D) B + C + D + E.
C
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Suppose that the widget industry has a Herfindahl-Hirschman index of 1,200 . Two firms have proposed a merger. Firm A has a current market share of 5 percent. Firm B has a market share of 7 percent
Will the Justice Department challenge the merger? Explain.
Most economists view the United States as an ongoing experiment that raises serious doubts about the virtues of free trade
a. True b. False Indicate whether the statement is true or false
Even in the US, almost _____ percent of medical care is purchased through third party insurance.
a. 65 b. 75 c. 100 d. 50 e. 90
If the demand for one good decreases when the price of another good increases, the two goods are ________ goods.
A. normal B. inferior C. complementary D. substitute