Figure 7-28 -Refer to Figure 7-28.At the Quantity Q3

question 62

Multiple Choice

Figure 7-28
-Refer to Figure 7-28.At the quantity Q3,

• A)the market is in equilibrium.
• B)consumer surplus is maximized.
• C)the sum of consumer surplus and producer surplus is maximized.
• D)the marginal value to buyers is less than the marginal cost to sellers.

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