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questoon Suppose John is willing to pay $200 to see a UW football game and James is willing to pay $150. Assume the normal price

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questoon

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Suppose John is willing to pay $200 to see a UW football game and James is willing to pay $150. Assume the normal price of a ticket is $125. The local Madison government decides to impose a $35/ticket surcharge to raise revenue, causing the ticket price to rise to $160. The resulting deadweight loss is

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