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    Microeconomics Theory and Applications
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    Exam 9: Properties and Applications of the Competitive Model
  5. Question
    The Inverse Supply Curve in a Market Is Given by Q
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The Inverse Supply Curve in a Market Is Given by Q

Question 50

Question 50

Essay

The inverse supply curve in a market is given by Q = 3p².What is the producer surplus when the market price is $6? Illustrate using a graph.

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