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The Following Figure Illustrates the Demand and Supply of Decorative

Question 21

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 maximum possible social surplus? A)  $100 B)  $150 C)  $225 D)  $375
-Refer to the figure above.What is the maximum possible social surplus?


A) $100
B) $150
C) $225
D) $375

Correct Answer:

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