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MC B C D E MR D Q 2) The above figure shows the market for a given product. Defining welfare as consumer surplus plus

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MC B C D E MR D Q 2) The above figure shows the market for a given product. Defining welfare as consumer surplus plus producer surplus, calculate the social welfare associated with perfect competition, single-price monopoly, and a perfect-price-discriminating monopoly. Which market structure(s) maximize social welfare

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