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8. What would the price be under a competitive market equilibrium? (A) $66. (B) $55. (C) $50. (D) $35. 9. What would the Total Surplus

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8. What would the price be under a competitive market equilibrium? (A) $66. (B) $55. (C) $50. (D) $35. 9. What would the Total Surplus be under a competitive market equilibrium? (A) $1,250,000. (B) $970,000. (C) $879,000. (D) $784,000. 10. What is the Deadweight Loss? (A) $66,000. (B) $30,000. (C) $120,000. (D) $186,000

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