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Read case number three and answer the following questions: 1) Use the concepts of consumer surplus and producer surplus to analyze the exchange between Bruce
Read case number three and answer the following questions: 1) Use the concepts of consumer surplus and producer surplus to analyze the exchange between Bruce Springsteen and his fans. Draw a diagram to illustrate. 2) Explain how the rise of the Internet has disrupted this exchange. 3) Draw a diagram to show the effect of resellers on the allocation of consumer surplus and producer surplus in the market for concert tickets. 6. In the mid-eighteenth century, the government of New France (modern-day Qubec) controlled the price of bread, which was set at a predetermined price above the free market price
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