If the Marginal Cost Curve of All Identical Firms in a Perfectly

question 92

Multiple Choice

If the marginal cost curve of all identical firms in a perfectly competitive industry are horizontal at the same per-unit cost, then the market's consumer surplus equals the area

• A) beneath the demand curve and above the marginal cost curve.
• B) above the demand curve and beneath the marginal cost curve.
• C) below the marginal cost curve.
• D) above the demand curve.

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