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Figure 15-8 -Refer to Figure 15-8. What Area Represents the Total Surplus

Question 16

Multiple Choice

Figure 15-8 Figure 15-8 -Refer to Figure 15-8. What area represents the total surplus lost due to monopoly pricing? A) the rectangle (A-C) *X B) the triangle 1/2[(A-C) *(Y-X) ] C) the triangle 1/2[(A-B) *(Y-X) ] D) the rectangle (A-C) *X plus the triangle 1/2[(A-C) *(Y-X) ]
-Refer to Figure 15-8. What area represents the total surplus lost due to monopoly pricing?


A) the rectangle (A-C) *X
B) the triangle 1/2[(A-C) *(Y-X) ]
C) the triangle 1/2[(A-B) *(Y-X) ]
D) the rectangle (A-C) *X plus the triangle 1/2[(A-C) *(Y-X) ]

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