Which of the following is most accurate?
A)In all cases, competitive markets yield more consumer surplus than would be enjoyed in a monopoly market with the same cost structure.
B)In all cases, competitive markets yield less consumer surplus than would be enjoyed in a monopoly market with the same cost structure.
C)In some cases, competitive markets can yield less consumer surplus than would be enjoyed in a monopoly market with the same cost structure.
D)In all cases, competitive markets yield the same consumer surplus that would be enjoyed in a monopoly market with the same cost structure.

Question

Quizplus · Accepted Answer

Competitive markets typically yield more consumer surplus than monopolies because they result in lower prices and higher quantities, benefiting consumers.

Which of the Following Is Most Accurate