Author Question: If a perfectly competitive industry is monopolized, consumer surplus a. can be expected to decrease ... (Read 65 times)

elizabeth18 · **on:** Jun 30, 2018

If a perfectly competitive industry is monopolized, consumer surplus
a. can be expected to decrease
b. will usually remain constant
c. can be expected to increase
d. drops from a high value to zero
e. increases from zero to a high value

Question 2

Ersatz Kreme will sell its filling to Hunky Donuts only if Hunky Donuts agrees not to buy filling from other suppliers. This is an example of
a. price discrimination
b. exclusive dealing
c. a tying contract
d. interlocking directorates
e. a trust