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

question 61

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 .Calculate the value of the deadweight loss resulting from the horizontal merger?

• A)$800
• B)$600
• C)$400
• D)$300

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