Author Question: In the above figure, at the equilibrium price and quantity, producer surplus is ________. A) 90 ... (Read 224 times)

K@ · **on:** Jun 29, 2018

In the above figure, at the equilibrium price and quantity, producer surplus is ________.

A) 90
B) 60
C) 45
D) 30

Question 2

Patents encourage inventions because without a patent

A) other firms could enter the inventor's market by producing the same product.
B) nobody would demand the inventor's product.
C) the inventor would receive no tax breaks.
D) all markets would be public franchises.