Consumer surplus is
A) positive in the case of a monopolist practicing perfect price discrimination.
B) equal to the price minus the marginal cost.
C) less in the case of a single-price monopoly than in the case of a perfectly competitive industry.
D) zero for a single-price monopolist.

Question

Quizplus · Accepted Answer

Consumer surplus is less in a single-price monopoly compared to a perfectly competitive industry because monopolies restrict output and raise prices, reducing consumer surplus.

Consumer Surplus Is