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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 15: Economic Regulation and Antitrust Policy
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    Exhibit 15-2 in Exhibit 15-2, the Increase in Consumer
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Exhibit 15-2 in Exhibit 15-2, the Increase in Consumer

Question 175

Question 175

Multiple Choice

Exhibit 15-2 Exhibit 15-2   In Exhibit 15-2, the increase in consumer surplus that occurs when price is set equal to marginal cost rather than at the profit-maximizing level, as it would be in an unregulated monopoly, is shown by area A) abc B) adf C) cef D) dfeg E) bcfd In Exhibit 15-2, the increase in consumer surplus that occurs when price is set equal to marginal cost rather than at the profit-maximizing level, as it would be in an unregulated monopoly, is shown by area


A) abc
B) adf
C) cef
D) dfeg
E) bcfd

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