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The Diagram Below Shows the Demand and Supply Curves in a Perfectly

question 36

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The diagram below shows the demand and supply curves in a perfectly competitive market. The diagram below shows the demand and supply curves in a perfectly competitive market.   FIGURE 12- 5 -Refer to Figure 12- 5. If output in this market were Q1, and the price were still equal to its Free- market level, the loss in producer surplus relative to the competitive equilibrium would be illustrated by area A)  P3P2E. B)  P1P3E. C)  2. D)  1. E)  1 + 2. FIGURE 12- 5
-Refer to Figure 12- 5. If output in this market were Q1, and the price were still equal to its
Free- market level, the loss in producer surplus relative to the competitive equilibrium would be illustrated by area


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