Question #4: (6 marks} Use the diagram below to answer the following questions. Price of Natural Gas 92 Quantity of Natural Gas a] In a
Question #4: (6 marks} Use the diagram below to answer the following questions. Price of Natural Gas 92 Quantity of Natural Gas a] In a competitive market, what areas would make up the consumer surplus, producer surplus, and economic surplus? (3 Marks) b} In a monopolist market, what areas make up the consumer surplus, producer surplus, and deadweight loss
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