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    Exam 16: Real-World Competition and Technology
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    Refer to the Graph Shown
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Refer to the Graph Shown

Question 73

Question 73

Multiple Choice

Refer to the graph shown. Refer to the graph shown.   If suppliers can reduce output from M to L, consumer surplus is reduced by area(s) : A)  A. B)  A and B. C)  B and D. D)  A, B, and D. If suppliers can reduce output from M to L, consumer surplus is reduced by area(s) :


A) A.
B) A and B.
C) B and D.
D) A, B, and D.

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