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9) Economic surplus is maximized when a market is in competitive equilibrium. When a market is not in competitive equilibrium, then- 9) A) producer and
9) Economic surplus is maximized when a market is in competitive equilibrium. When a market is not in competitive equilibrium, then- 9) A) producer and consumer surplus will minimize B) deadweight loss will occur C) Only producer surplus will decrease D) only consumer surplus will decrease Figure 4.8 Pric (dollarz per case) Supply with tax $82 Supply 20 O SO Quantity (thousands of case Figure 4.8 shows the market for beer. The government plans to impose a unit tax in this market
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