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Exhibit 3A-1 Comparison of Market Efficiency and Deadweight Loss

Question 165

Multiple Choice

Exhibit 3A-1 Comparison of Market Efficiency and Deadweight Loss

As shown in Exhibit 3A-1, if the market price falls from $2.00 to $1.00, then:

A) total surplus increases.
B) deadweight loss increases.
C) overproduction decreases.
D) underproduction decreases.

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