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The Figure Below Shows the Market Equilibrium (Point B) at the Intersection

Question 79

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The figure below shows the market equilibrium (point B) at the intersection of demand and supply curves under perfect competition.Figure 11.5
The figure below shows the market equilibrium (point B)  at the intersection of demand and supply curves under perfect competition.Figure 11.5    D: Market demand curve S: Market supply curve -Assume that in Figure 11.5, the market is originally perfectly competitive but then becomes a monopoly. Compared with perfect competition, a monopoly would have: A) a price lower than P<sub>PC.</sub> B) a quantity more than Q<sub>PC.</sub> C) a greater consumer surplus. D) a deadweight loss. E) a lower producer surplus. D: Market demand curve
S: Market supply curve
-Assume that in Figure 11.5, the market is originally perfectly competitive but then becomes a monopoly. Compared with perfect competition, a monopoly would have:


A) a price lower than PPC.
B) a quantity more than QPC.
C) a greater consumer surplus.
D) a deadweight loss.
E) a lower producer surplus.

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