1.8. For each of the four parts of Question #7 above, calculate the values of these areas...

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1.8. For each of the four parts of Question #7 above, calculate the values of these areas in dollars. How much of the deadweight loss is due to the overproduction of steel by higher cost U.S. steel producers, and how much is due to the underconsumption of steel by U.S. steel consumers?

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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