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19. Producer surplus is larger if the market is monopolized ______ 20. Consumer surplus is zero if the monopolist perfectly price discriminates ______ 21. Welfare
19. Producer surplus is larger if the market is monopolized ______ 20. Consumer surplus is zero if the monopolist perfectly price discriminates ______ 21. Welfare loss is zero if the monopolist perfectly price discriminates ______ 22. Welfare loss is zero if the market is perfectly competitive ______ 23. Society's surplus is the sum of Consumer plus producer surplus plus welfare loss ______ Page of7 7
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