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Question 31 12 pts Suppose that an industry that is a monopoly becomes perfectly competitive. What effect will this have on consumer surplus, producer surplus,

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Question 31 12 pts Suppose that an industry that is a monopoly becomes perfectly competitive. What effect will this have on consumer surplus, producer surplus, and deadweight loss? Please explain. Edit View Insert Format Tools Table 12pt V Paragraph B I U A 2 T2~

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