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The Following Figure Shows the Private Cost and Social Cost

Question 187

Multiple Choice

The following figure shows the private cost and social cost of producing Good X.
The following figure shows the private cost and social cost of producing Good X. -Refer to the figure above.What does the region EFG represent? A) Consumer surplus B) Producer surplus C) Deadweight loss D) Economic profit
-Refer to the figure above.What does the region EFG represent?


A) Consumer surplus
B) Producer surplus
C) Deadweight loss
D) Economic profit

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