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    Business
  3. Study Set
    Microeconomics Australia
  4. Exam
    Exam 6: Efficiency and Fairness of Markets
  5. Question
    -In the Figure Above, Suppose the Market Is at Equilibrium
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-In the Figure Above, Suppose the Market Is at Equilibrium

Question 58

Question 58

Multiple Choice

  -In the figure above, suppose the market is at equilibrium. Then area B is the A)  amount of the consumer surplus. B)  marginal cost. C)  amount of the producer surplus. D)  deadweight loss. E)  marginal benefit.
-In the figure above, suppose the market is at equilibrium. Then area B is the


A) amount of the consumer surplus.
B) marginal cost.
C) amount of the producer surplus.
D) deadweight loss.
E) marginal benefit.

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