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    Exam 7: Market Efficiency and Welfare
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    ​Exhibit 7-8 -Refer to Exhibit 7-8. When the Price Is P<sub>1</sub>, the Is
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​Exhibit 7-8 -Refer to Exhibit 7-8. When the Price Is P1, the Is

Question 37

Question 37

Multiple Choice

​Exhibit 7-8 ​Exhibit 7-8   -Refer to Exhibit 7-8. When the price is P<sub>1</sub>, the producer surplus is equal to area: A) ​A B) ​B C) ​A + B D) ​A + B + C
-Refer to Exhibit 7-8. When the price is P1, the producer surplus is equal to area:


A) ​A
B) ​B
C) ​A + B
D) ​A + B + C

Correct Answer:

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