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    Exam 7: Perfect Competition and the Invisible Hand
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    The Following Figure Illustrates the Demand and Supply of Decorative
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The Following Figure Illustrates the Demand and Supply of Decorative

Question 41

Question 41

Multiple Choice

The following figure illustrates the demand and supply of decorative light bulbs in a perfectly competitive market.
The following figure illustrates the demand and supply of decorative light bulbs in a perfectly competitive market.    -Refer to the figure above.What is the producer surplus in the market? A)  $50 B)  $75 C)  $150 D)  $200
-Refer to the figure above.What is the producer surplus in the market?


A) $50
B) $75
C) $150
D) $200

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