If the newspaper market in Problem 17 were perfectly competitive, what would be the quan- tity, price, consumer surplus, and producer sur plus? Mark each on the graph. 20. Samsung and Huawei Drop Lawsuits in Latest Smartphone Truce Huawei and Samsung have filed more than 40 lawsuits against each other for allegedly infringing on patents on 4G wireless and other technology. Now they have called it quits. Source: asia nikkei.com,

a. If smartphone producers had been prevented from using new smartphone technologies by Huawei patents, leaving Huawei a monopoly, who would benefit and who would lose?

b. Compared to a smartphone monopoly, who would benefit and who would lose if hun- dreds of firms entered the smartphone mar ket, each producing an identical smartphone, making the market perfectly competitive?

c. Explain which market would be efficient: a perfectly competitive one or a monopoly. Price Discrimination