More cards in this set

Card 6

Front

Which area shows a consumer surplus under a monopoly?

Back

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Card 7

Front

Which area shows shows producer surplus/monopolists revenue?

Back

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Card 8

Front

Area A+B+C shows what?

Back

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Card 9

Front

Area B shows?

Back

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Card 10

Front

Area C shows?

Back

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Card 11

Front

what is allocative inefficiency?

Back

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Card 12

Front

Where is a deadweight welfare loss present?

Back

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Card 13

Front

What is X-innificiency?

Back

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Card 14

Front

What arguments are there for monopolies being efficient?

Back

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Card 15

Front

What are the net welfare effects?

Back

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