If a perfectly competitive industry is monopolized, consumer surplus

Question

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In a perfectly competitive industry, the market price is determined by the intersection of the supply and demand curves, and consumers pay a price that reflects the marginal cost of production. If the industry is monopolized, the monopolist has the power to increase the price above the marginal cost, leading to a decrease in consumer surplus. In other words, monopolization reduces the welfare of consumers by reducing the net benefit they receive from consuming products in the industry.

If a Perfectly Competitive Industry Is Monopolized, Consumer Surplus