The Market for Corn in Wheatland Consists Solely of Domestic

question 310

Multiple Choice

The market for corn in Wheatland consists solely of domestic buyers of corn and domestic sellers of corn if

• A) consumer surplus equals producer surplus in the Wheatland corn market.
• B) total surplus exceeds consumer surplus in the Wheatland corn market.
• C) Wheatland permits international trade in corn.
• D) Wheatland forbids international trade in corn.

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