For a monopoly, consumer surpluses are transferred to the monopolist as profit.

Name: For a monopoly, consumer surpluses are transferred to the monopolist as profit.
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Question

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Consumer surplus is the difference between what consumers are willing to pay and what they actually pay. In a monopoly, some consumer surplus is transferred to the monopolist as profit, but not all of it, because monopolists also create deadweight loss by reducing output and raising prices.

For a Monopoly, Consumer Surpluses Are Transferred to the Monopolist