Use the following table to answer the question : Table 15-2: shows the marginal revenue curve [MR],the demand curve,and the marginal cost curve [MC] for a monopolist with constant costs.

-Based on Figure 15-2,it can be concluded that the change in producer surplus due to the shift from perfect competition to monopoly is _____.
A)-$150
B)-$300
C)$150
D)$300

Question

Use the following table to answer the question : Table 15-2: shows the marginal revenue curve [MR],the demand curve,and the marginal cost curve [MC] for a monopolist with constant costs.

-Based on Figure 15-2,it can be concluded that the change in producer surplus due to the shift from perfect competition to monopoly is _____.
A)-$150 
B)-$300 
C)$150 
D)$300

Quizplus · Accepted Answer

The change in producer surplus due to the shift from perfect competition to monopoly typically results in an increase for the monopolist, as they can charge higher prices and potentially produce less, leading to an area increase under the price and above the supply curve, which represents producer surplus.

Use the Following Table to Answer the Question : Table