A single-price monopoly transfers
A) consumer surplus to producers.
B) producer surplus to consumers.
C) economic profit to consumers.
D) economic profit to the government.
E) economic profit to deadweight loss.
A
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Which of the following is not considered to be a determinant of the price elasticity of demand for a particular good?
A) The number of available substitutes. B) The cost of the good relative to total income. C) The quantity of the good that is supplied to the market. D) The time period under consideration.
If the full-employment rate of unemployment is 5 percent, and the economy is experiencing a 7 percent unemployment rate, what is the rate of cyclical unemployment?
a. 7 percent b. 12 percent c. -2 percent d. 5 percent e. 2 percent
Critics of the Fed's unconventional policies in 2009 and 2010 argued that determining which financial institutions would be bailed out and which would be allowed to fail was a political decision that rightfully belonged to Congress
a. True b. False Indicate whether the statement is true or false
Monetary and fiscal policies have little effect on the trade deficit.
Answer the following statement true (T) or false (F)