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(Q 12) I need help with this problem. Figure: Producer Surplus II Price S P2 M P1 ................ . . 0 Q1 Q3 Quantity Reference:

(Q 12) I need help with this problem.

Figure: Producer Surplus II Price S P2 M P1 ................ . . 0 Q1 Q3 Quantity Reference: Ref 4-11 Look at the figure Producer Surplus II. If the price rises from P1 to P2, producer surplus increases by the area: O P2MO. O P1KO. O LMK. O P2P1KM

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