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Question 112

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Use the following to answer question: Use the following to answer question: -(Figure: Producer Surplus II) Look at the figure Producer Surplus II.At a price of P<sub>1</sub>,producer surplus equals the area: A) LMK. B) P<sub>1</sub>K0. C) P<sub>2</sub>M0. D) P<sub>2</sub>P<sub>1</sub>KM.
-(Figure: Producer Surplus II) Look at the figure Producer Surplus II.At a price of P1,producer surplus equals the area:


A) LMK.
B) P1K0.
C) P2M0.
D) P2P1KM.

Correct Answer:

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