Suppose a perfectly competitive market is suddenly transformed into one that operates as a monopoly market. We would expect price to , output to , consumer surplus to , producer surplus to , and deadweight loss to . A. rise; fall; fall; fall; riseB. fall; rise; rise; fall; fallC. rise; fall; fall; rise; riseD. rise; fall; rise; rise; fall

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

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the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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