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Please do the graph as well thank you! The graph shows the market for shrimp. The government passes a new law that requires producers to
Please do the graph as well thank you!
The graph shows the market for shrimp. The government passes a new law that requires producers to sell 50 pounds of shrimp a day. This market for shrimp is because A. efficient; the marginal cost of the 50th pound of shrimp equals the marginal benefit from the 50th pound of shrimp B. inefficient; the marginal cost of the 50th pound of shrimp is greater than the marginal benefit from the 50th pound of shrimp C. efficient; production is greater than zero D. inefficient; more shrimp could be produced E. inefficient; the marginal benefit from the 50th pound of shrimp is greater than the marginal cost of the 50th pound of shrimp >> Draw only the objects specified in the question. Draw the deadweight loss when production is 50 pounds of shrimp a day. Label it DWL
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