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Suppose that the government intervenes in this market and sets a price ceiling at $20. Price (dollars per broom) 50 SOMC 40 30 200 400

Suppose that the government intervenes in this market and sets a price ceiling at $20.

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Price (dollars per broom) 50 SOMC 40 30 200 400 600 1.090 Quantity (brooms per day) Q3 (10 points). Suppose that the government intervenes in this market and sets a price ceiling at $20. Producer surplus= Consumer surplus= Searching cost= Total surplus = Deadweight loss=

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