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 total surplus is
A) A + B + C.
B) A + B + D.
C) A.
D) C + E.
D
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Describe the relationship illustrated by the Laffer curve
What will be an ideal response?
As more women entered the labor force in the 1980s in the United States:
a. the number of unskilled workers increased. b. the average quality of the labor force improved. c. the quantity of output decreased. d. the supply of skilled labor exceeded its demand. e. labor productivity increased.
If the Fed reduces the money supply, there will be a decline in
a. government purchases b. unemployment c. purchases of consumer durables d. demand for bonds e. deflationary pressures
An identified pollutant that is well understood by scientists is called
a. a toxic pollutant b. a conventional pollutant c. a nonconventional pollutant d. none of the above