38) Rate of return regulation will often create an incentive for a natural monopoly to _____ costs.

hide

contain

artificially inflate

reduce

40) Which type of price discrimination results in the monopolist obtaining the entire consumer surplus?

first-degree

second-degree

third-degree

fourth-degree

42) With perfect price discrimination, a monopolist is able to appropriate the entire amount of what would be consumer surplus under perfect competition.

False

True

52) In the long run, profits tend to remain high in a monopolistic competitive market.

True

False