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A small town is served by many competing supermarkets, which all have the same constant marginal cost. Use the black point (plus symbol) to show

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A small town is served by many competing supermarkets, which all have the same constant marginal cost. Use the black point (plus symbol) to show the competitive price and quantity in this market. Then use the green area (triangle symbol) to shade area representing consumer surplus in the market for groceries, and use the purple area (diamond symbol) to shade the area representing prodi surplus. 6') Competitive Market Demand "I- Competitive Outcome A Consumer Surplus Marginal Cost - Producer Surplus Price, Cost. Revenue Now suppose that the independent supermarkets combine into one chain. Use the black point {plus symbol) to show the prot-maximizing monopoly outcome. Then use the green area (triangle symbol) to shade the are representing consumer surplus in the market for groceries, and use the purple area (diamond symbol) to shade the area representing producer surplus. Finally, use the black area (plus symbol) to shade the area representing deadweight loss. (9 Monopoly Demand "I- Monopoly Outcome A Consumer Surplus Producer Surplus Deadweight Loss Marginal Cost Price, Cost. Revenue Marginal Revenue Which of the following statements is true about the changes that occur after the supermarkets merge? Check all that apply. C] Consumer surplus remains unchanged. C] Producer surplus rises. C] Total surplus rises. C] The market quantity remains unchanged. C] The market price increases

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