The Diagram Below Shows Supply,demand,and Quantity Exchanged of Monday Matinee

question 9

Multiple Choice

The diagram below shows supply,demand,and quantity exchanged of Monday matinee movie tickets.Assume it is a perfectly competitive market.
FIGURE 12- 4
-Refer to Figure 12- 4.What is the value of the consumer surplus generated in this market at the allocatively efficient level of output?

• A)$10
• B)$0
• C)$125
• D)$250
• E)$5

---

Definitions:

Superseding Causes

Events that occur after a defendant's negligent act, breaking the causal connection between that act and the harm suffered, and relieving the defendant of liability.

Res Ipsa Loquitur

A legal doctrine that allows proof of negligence to be inferred from the mere fact that an accident occurred, if the accident is the kind that typically would not happen without negligence.

Proximate Cause

The extent to which, as a matter of policy, a defendant may be held liable for the consequences of his or her actions. In the majority of states, proximate cause requires that the plaintiff and the type of injury suffered by the plaintiff were foreseeable at the time of the accident. In the minority of states, proximate cause exists if the defendant’s actions led to the plaintiff’s harm.

Legal Cause

A legally sufficient reason to file a lawsuit, based on recognized legal principles.