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    Principles of Economics Study Set 1
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    Exam 7: Efficiency, Exchange, and the Invisible Hand in Action
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    The Sum of Producer Surplus and Consumer Surplus Is
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The Sum of Producer Surplus and Consumer Surplus Is

Question 14

Question 14

Multiple Choice

The sum of producer surplus and consumer surplus is:


A) normal profit.
B) total economic profit.
C) total surplus.
D) the marginal benefit of a good.

Correct Answer:

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