Q1. When producers expend resources to establish monopoly power in a market, this is called: A) surplus allocation. B) rent seeking. C) resource rationalization.
Q2. Even though the producer surplus increases under a monopoly scenario, relative to one of perfect competition, the consumer surplus decreases by: A) a lesser amount. B) an equal amount. C) a greater amount.
Q3. Compared to a competitive market, a monopoly situation will produce: A) less output, and the sum of the consumer surplus and the producer surplus will be increased. B) more output, and the sum of the consumer surplus and the producer surplus will be reduced. C) less output, and the sum of the consumer surplus and the producer surplus will be reduced.
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发表于 2009-1-14 13:52
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