Figure 16-3 This Figure Depicts a Situation in a Monopolistically Competitive Market

question 631

Multiple Choice

Figure 16-3
This figure depicts a situation in a monopolistically competitive market.
-Refer to Figure 16-3. How much consumer surplus will be derived from the purchase of this product at the monopolistically competitive price?

• A)$200
• B)$312.50
• C)$400
• D)$800

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