If a market is controlled by a perfect-price-discriminating monopoly, then
A) a deadweight loss is generated.
B) there is no consumer surplus.
C) consumer surplus is the same as under perfect competition.
D) output is less than that of a single-price monopoly.
B
You might also like to view...
If Congress passes legislation to increase government purchases to counter the effects of a recession, then this would be an example of a(n)
A. nondiscretionary fiscal policy. B. supply-side fiscal policy. C. contractionary fiscal policy. D. expansionary fiscal policy.
If you pay $14,000 in taxes on an income of $125,000, and $17,400 in taxes on an income of $144,000, what is your marginal tax rate? Show your work
What will be an ideal response?
The risk premium for an investment:
A. is zero (0) for risk-averse investors. B. increases with risk. C. is negative for U.S. treasury securities. D. is a fixed amount added to the risk-free return, regardless of the level of risk.
One concept that behavioral economists use to account for procrastination is:
A. the fungibility of money. B. thinking inconsistently about prices. C. framing bias. D. the time inconsistency of our decision-making.