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    Economics Study Set 1
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    Exam 12: Economic Efficiency and Public Policy
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    FIGURE 12-3 -Refer to Figure 12-3.Comparing the Monopoly Equilibrium to the Perfectly
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FIGURE 12-3 -Refer to Figure 12-3.Comparing the Monopoly Equilibrium to the Perfectly

Question 11

Question 11

Multiple Choice

  FIGURE 12-3 -Refer to Figure 12-3.Comparing the monopoly equilibrium to the perfectly competitive equilibrium,the area representing the gain in producer surplus due to monopoly is outlined by A) P<sub>1</sub>P<sub>3</sub>CA less ACE. B) P<sub>2</sub>P<sub>3</sub>CB less ABE. C) P<sub>0</sub>P<sub>3</sub>CA less ACE D) P<sub>3</sub>P<sub>4</sub> less ABE. E) P<sub>2</sub>P<sub>4</sub>E. FIGURE 12-3
-Refer to Figure 12-3.Comparing the monopoly equilibrium to the perfectly competitive equilibrium,the area representing the gain in producer surplus due to monopoly is outlined by


A) P1P3CA less ACE.
B) P2P3CB less ABE.
C) P0P3CA less ACE
D) P3P4 less ABE.
E) P2P4E.

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