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    Exam 12: Economic Efficiency and Public Policy
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    FIGURE 12-3 -Refer to Figure 12-3.The Area Representing Consumer Surplus in a in a Perfectly
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FIGURE 12-3 -Refer to Figure 12-3.The Area Representing Consumer Surplus in a in a Perfectly

Question 8

Question 8

Multiple Choice

  FIGURE 12-3 -Refer to Figure 12-3.The area representing consumer surplus in a perfectly competitive equilibrium is outlined by A) ACE. B) ABE. C) 0P<sub>4</sub>Eq<sub>2</sub>. D) P<sub>3</sub>P<sub>4</sub>C. E) P<sub>2</sub>P<sub>4</sub>E. FIGURE 12-3
-Refer to Figure 12-3.The area representing consumer surplus in a perfectly competitive equilibrium is outlined by


A) ACE.
B) ABE.
C) 0P4Eq2.
D) P3P4C.
E) P2P4E.

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