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For the Same Demand and Cost Conditions,which of the Following

Question 41

Multiple Choice

For the same demand and cost conditions,which of the following is true?


A) Consumer surplus and producer surplus are both lesser in a monopoly market compared to perfect competition.
B) Consumer surplus is lesser but producer surplus is greater in a monopoly market compared to perfect competition.
C) Consumer surplus is greater and producer surplus is lesser in a monopoly market compared to perfect competition.
D) Consumer surplus and producer surplus are both greater in perfect competition than in a monopoly.

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