(Figure: Monopolies Versus Competitive Industries) Based on the graph, if the monopoly were to become a perfectly competitive industry, what would happen?

A) i would become consumer surplus.
B) i would become producer surplus.
C) i would become deadweight loss.
D) i would become tax revenue.

Question

(Figure: Monopolies Versus Competitive Industries) Based on the graph, if the monopoly were to become a perfectly competitive industry, what would happen?

A) i would become consumer surplus. 
B) i would become producer surplus. 
C) i would become deadweight loss. 
D) i would become tax revenue.

Quizplus · Accepted Answer

The Answer of (Figure: Monopolies Versus Competitive Industries) Based on the graph, if the monopoly were to become a perfectly competitive industry, what would happen?

A) i would become consumer surplus. 
B) i would become producer surplus. 
C) i would become deadweight loss. 
D) i would become tax revenue.

(Figure: Monopolies Versus Competitive Industries) Based on the Graph, If