The Following Image Shows a Market

question 3

Multiple Choice

The following image shows a market. If there is no government intervention in the market, the consumer surplus is represented by the area equal to _____.​ ​
Figure 16.4
​

• A)A + B + C
• B)A+ B + E
• C)B + C + D
• D)B + E + D
• E)E + D

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Definitions:

Open Membership

A policy or practice where an organization allows anyone to join without restrictions based on criteria like background, qualifications, or membership fees.

Closed Membership

A type of group setting where participation is restricted to a specific set of members who meet certain criteria, without allowing new members to join freely.

Membership

The state of being a member or part of a group, organization, or society.

Role Placement

The assignment of individuals to specific positions or roles based on their skills, capabilities, and the needs of the organization.