(Figure: Consumer Surplus I) Which of the following statements is (are) TRUE? I. Consumer surplus under perfect competition is $20.25.
II) Consumer surplus under perfect price discrimination is $0.
III) Consumer surplus under monopoly is $9.
A) I, II, and III
B) I and III
C) II
D) II and III

Question

(Figure: Consumer Surplus I) Which of the following statements is (are) TRUE?  I. Consumer surplus under perfect competition is $20.25.
II) Consumer surplus under perfect price discrimination is $0.
III) Consumer surplus under monopoly is $9.
A) I, II, and III 
B) I and III 
C) II 
D) II and III

Quizplus · Accepted Answer

The Answer of (Figure: Consumer Surplus I) Which of the following statements is (are) TRUE?  I. Consumer surplus under perfect competition is $20.25.
II) Consumer surplus under perfect price discrimination is $0.
III) Consumer surplus under monopoly is $9.
A) I, II, and III 
B) I and III 
C) II 
D) II and III

(Figure: Consumer Surplus I) Which of the Following Statements Is