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Prior to the merger described in the question prompt, the hotel market in Sunnyville had been perfectly competitive. Demand was given by the equation above,
Prior to the merger described in the question prompt, the hotel market in Sunnyville had been perfectly competitive. Demand was given by the equation above, and the competitive equilibrium price was $100. What was the likely impact of the merger on consumer surplus? (circle one) The merger caused CS to: INCREASE | DECREASE | REMAIN THE SAME
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