In a monopoly, consumer surplus decreases and producer surplus increases.

a. true
b. false


Ans: a. true

Economics

You might also like to view...

If the real interest rate is 3% and the expected inflation rate is 6%, then the nominal interest rate is

A) 0.5%. B) 2%. C) 3%. D) 9%.

Economics

The main determinants of investment are the interest rates and expected profit

a. True b. False Indicate whether the statement is true or false

Economics

In time series regressions, it is advisable to check for serial correlation first, before checking for heteroskedasticity.

Answer the following statement true (T) or false (F)

Economics

The short-run aggregate supply curve shifts because of changes in all of the following EXCEPT

capitalstock technical progress money wage rates the price level

Economics