Because the smallcountry monopolist loses the ability to control the
Market price, consumers enjoy more quantity, competitive prices,
And:

Question

Because the small­country monopolist loses the ability to control the
Market price, consumers enjoy more quantity, competitive prices,
And:

Quizplus · Accepted Answer

When a small-country monopolist loses control over the market price due to competition from foreign goods, consumers benefit from increased quantity and competitive prices. This also leads to higher consumer surplus because the monopolist's producer surplus is reduced. Option A is incorrect because the question does not provide any information about the quality of foreign goods. Option B is incorrect because it assumes that the monopolist's profits are more important than consumer welfare. Option D is incorrect because it is not relevant to the situation described in the question.

Because the Small­country Monopolist Loses the Ability to Control the

Because the Smallcountry Monopolist Loses the Ability to Control the