Multiple Choice
The following figure shows the marginal revenue curve [MR],the demand curve,and the marginal cost curve [MC] for a monopolist with constant costs.
Figure 15-2 ![The following figure shows the marginal revenue curve [MR],the demand curve,and the marginal cost curve [MC] for a monopolist with constant costs. Figure 15-2 -Based on Figure 15-2,it can be concluded that the change in consumer surplus due to the shift from perfect competition to monopoly is _____. A) $150 B) -$300 C) -$450 D) $600](https://d2lvgg3v3hfg70.cloudfront.net/TB1825/11ea77e2_d74c_f30a_91bf_89459b1df2d0_TB1825_00_TB1825_00_TB1825_00_TB1825_00_TB1825_00_TB1825_00.jpg)
-Based on Figure 15-2,it can be concluded that the change in consumer surplus due to the shift from perfect competition to monopoly is _____.
A) $150
B) -$300
C) -$450
D) $600
Correct Answer:
Verified
Correct Answer:
Verified
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