-consider a market whose structure change from perfect competitive to monopoly t

ID: 1158260 • Letter: #

Question

-consider a market whose structure change from perfect competitive to monopoly the producer surplus will increase or decrease?

-consider a market whose structure change from perfect competitive to monopoly the consumer surplus will increase or decrease?-

-Yas water world is offering a ticket for families 4 people is which cost is less than the price of 4 signle people this is exmaple of what?

-the amount of output monoplits produces is alaways same as its cost minimizing output level?true or FALSE

(1) When market structure changes from perfect competition to monopoly, producer surplus will decrease.

[Producer surplus is maximized with perfect competition]

(2) When market structure changes from perfect competition to monopoly, consumer surplus will decrease.

[Consumer surplus is maximized with perfect competition]

(3) Since Yas Water s charging different price from different consumer segments, this is an example of Price Discrimination.

(4) FALSE

Monopolist does not necessarily produce an output that minimizes costs.

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