In her presentation titled “And Never the Twain Shall Meet”—also delivered at Global Antitrust Enforcement Symposium, Acting Assistant Attorney General Hesse used a basic market model that you studied this term in EC 201. What is that model?
A. A monopolist practicing perfect price discrimination
B. A monopolist charging a single price and restricting output offered for sale
C. A model of a firm that is a “price taker” and operates in a highly competitive market
D. A model of a market with no deadweight loss and no producer or consumer surplus
E. None of the models described in A—D are used in the presentation by Assistant Attorney General Hesse.