In opening remarks titled “And Never the Twain Shall Meet,” delivered at the Global Antitrust Enforcement Symposium at Georgetown University held on Sept. 20, 2016, in Washington, DC, Acting Assistant Attorney General Renata Hesse used a basic market model that you studied this term in EC 201. What is the name of 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 identified in A—D are used in the presentation by Assistant Attorney General Hesse.