Multiple Choice
Use the information below to answer the following questions.
Fact 13.3.1 What the Apple-Samsung Verdict Means for Your Smartphone
A California jury found Samsung guilty of violating the majority of the patents in question, including software features like double-tap zooming and scrolling. It recommended that Apple be awarded more than $1 billion in damages. This verdict could significantly affect both smartphone users and producers.
Source: CNN Money, August 26, 2012
-Refer to Fact 13.3.1. Suppose the smartphone market becomes perfectly competitive. Choose the statement that is incorrect when we compare the perfectly competitive market to a monopoly.
A) Society gains.
B) Producers of smartphones gain.
C) Consumers of smartphones gain.
D) Total surplus increases.
E) Deadweight loss is eliminated.
Correct Answer:

Verified
Correct Answer:
Verified
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