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Author Question: In the long-run equilibrium in perfect competition, consumer surplus is A) positive. B) ... (Read 31 times)

Melani1276

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on: Jul 1, 2018
In the long-run equilibrium in perfect competition, consumer surplus is
 
  A) positive.
  B) negative.
  C) zero.
  D) less than producer surplus.

Question 2

What is one reason it might be difficult to dissuade people from pirating music off the Internet?
 
  A) Consumer surplus is very high when music is pirated.
  B) In general, consumers get a rush from stealing.
  C) Consumers mistakenly believe that the Internet is public domain.
  D) Producer surplus is very low when music is pirated.
Microeconomics ¦ Perloff ¦ 8th Edition
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jsm54321

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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