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Author Question: In the figure above, if the market is unregulated, A) more than the efficient amount of output ... (Read 48 times)

drink

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  • Posts: 554
on: Jun 29, 2018
In the figure above, if the market is unregulated,
 
  A) more than the efficient amount of output will be produced.
  B) less than the efficient amount of output will be produced.
  C) the allocation of resources will be efficient because the efficient amount of output will be produced.
  D) the deadweight loss will be zero.

Question 2

In the above figure, if the market was a single-price monopoly rather than perfectly competitive, which area shows the transfer of consumer surplus from consumers to producers?
 
  A) A + B
  B) C + D
  C) C + D + E
  D) E + H


AISCAMPING

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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