If an insurmountable barrier to entry is lifted and a market that was once dominated by a monopolist is now perfectly competitive, the total surplus will ________.
A) decrease
B) increase
C) not change
D) decrease by exactly 50 percent
A) decrease
Anthropology & Archaeology
You might also like to view...
Swidden cultivation is a type of:
A) industrialism. B) nomadic pastoralism. C) agriculture. D) horticulture. E) foraging.
Anthropology & Archaeology
Urban anthropologists research topics such as immigration, ethnicity, poverty, and class.
Answer the following statement true (T) or false (F)
Anthropology & Archaeology
Coastal Peru illustrates the explanatory power of Carneiro's theory of state formation caused by the interaction of environmental circumscription, warfare, and population increase.
Answer the following statement true (T) or false (F)
Anthropology & Archaeology
The belief that one must suspend judgment on other people's cultures to understand them is called __________________________
Fill in the blank(s) with correct word
Anthropology & Archaeology