26. (Figure: Monopolies Versus Competitive Industries) Based on the graph, under a monopoly consumer surplus is and producer surplus is _____.
f ; e+h+g
e+f+i ; g+h+j
f ; e+g+h+i+j
e+f ; g+h
27. Under what condition would perfectly competitive firms experience losses?
P>M C
AT C>P
AT C>MC
P>ATC
