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Refer to the above diagram. At Q3: The order of quantity is Q1, Q2 and Q3 A. an efficiency loss of a + b occurs.

Refer to the above diagram. At Q3:

The order of quantity is Q1, Q2 and Q3

A. an efficiency loss of a + b occurs.

B. the sum of consumer and producer surplus is maximized.

C. cost of sellers exceeds maximum willingness to pay.

D. maximum willingness to pay exceeds cost of the sellers.

D Quartty

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