The Figure Given Below Represents a Perfectly Competitive Market in Long-Run

question 56

Multiple Choice

The figure given below represents a perfectly competitive market in long-run equilibrium.LRS represents the long-run supply curve of this market with demand (D) and price $50.When two large firms merge, output declines to 400 units and per unit production cost drops to $30.


-Refer to Figure .Which of the following regions in the figure represents the deadweight loss resulting from the merger?

• A)Area of triangle APR
• B)Area of the square BCPQ
• C)Area of the triangle BQR
• D)Area of triangle ACB

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Definitions:

Dendrites

Projections of a neuron that receive signals from other neurons or sensory receptors and conduct them towards the cell body.

Cell Body

Also known as the soma, this is the central part of a neuron that contains the nucleus and is essential for processing and transmitting neural information; another term for neuron cell bodies.

Dorsal Roots

The sensory branches of spinal nerves that transmit sensory information from the peripheral nervous system to the spinal cord.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brainstem down the back, transmitting nerve signals to and from the brain.