Refer to the Exhibit

question 10

Multiple Choice

Refer to the exhibit. Which controller shown in the exhibit is elected as the cluster leader?

• A) Controller A
• B) Controller ?
• C) Controller C
• D) Controller D

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Definitions:

Producer Surplus

The difference between the amount a producer is paid for a good and the minimum amount they are willing to accept for producing it.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market price.

Equilibrium Price

The price at which the quantity demanded by consumers equals the quantity supplied by producers, resulting in market stability.

Tax Revenues

The financial resources that are accumulated by governments as a result of taxation.