Question
In comparison with a perfect competition, a single-price monopolist with the same costs: a. generates a larger consumer surplus and a smaller economic profit.
In comparison with a perfect competition, a single-price monopolist with the same costs: a. generates a larger consumer surplus and a smaller economic profit. b. generates a smaller consumer surplus and a smaller economic profit. c. generates a larger consumer surplus and a larger economic profit. d. generates a smaller consumer surplus but a larger economic profit.
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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