Before summer 2008, if you wanted a cell phone in Bhutan, you only had one choice: B-Mobile, owned and operated by the government. What does Kuenga Gyalthen mean he states that, "Up until now, because of the monopoly, we've all been suffering. So, I mean, it's finally time the consumer actually is king for a little while."?
A) He believes that producer surplus is greater with competition.
B) He believes that total surplus is greater with a monopoly.
C) He believes that prices are lower with a monopoly.
D) He believes that consumer surplus is greater with competition.

Question

Quizplus · Accepted Answer

Kuenga Gyalthen implies that with competition, consumers have more choices and potentially better prices and services, leading to greater consumer surplus compared to a monopoly situation.

Before Summer 2008, If You Wanted a Cell Phone in Bhutan