Consumer surplus is triangle _________, producer surplus is _____________, and __________ (market) surplus

is ____________.

Chapter 4 Activity 1. The characteristics of a public good are and 2. The two efciencies are called and where the following conditions must be met : a) b) and 3. Consumer surplus is triangle , producer surplus is , and (market) surplus is 4. Eiiiciencjyr loss due to underproduction is represented by C)