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    Exam 3: The Concept of Elasticity and Consumer and Producer Surplus
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    The Net Cost to Society from Prohibiting the Operation of a Competitive
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The Net Cost to Society from Prohibiting the Operation of a Competitive

Question 163

Question 163

Multiple Choice

The net cost to society from prohibiting the operation of a competitive market in equilibrium is


A) lost consumer surplus only.
B) lost producer surplus only.
C) lost producer profits only.
D) a deadweight loss.

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