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If a village gains access to a regional market without transaction cost, then A. Consumer Surplus may decline, and if it does, then Producer Surplus
If a village gains access to a regional market without transaction cost, then
A. Consumer Surplus may decline, and if it does, then Producer Surplus will always increase by a larger amount
B. Social Welfare will decline
C. Consumers would pay the village price at the village market and the regional price at the regional market
D. The change in Consumer Surplus and Producer Surplus usually offset each other
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