The Left:0:52:52 Danayt Hibtzghi: Attempt 1 CKDown Browser + Webcam Question 51 (1 point) 48 Consumer surplus 51 O equals total revenue minus opportunity cost. plus producer surplus is maximized when resources are used efficiently. 54 Ois maximized when the market outcome is efficient. O equals total revenue minus marginal cost. 57 O is maximized in the short run but not in the long run. Question 52 (1 point) 60 Suppose in an industry a firm realizes economies of scale over the entire length of its LRAC curve. In this situation, the firm is 53 Oan output-discriminating monopoly. Oa perfect-price discriminating monopoly. 56 O a natural monopoly. a constant total variable cost monopoly. Oa fixed-cost monopoly. Question 53 (1 point) Use the figure below to answer the following questions. MacBook Air F6 F7 000 20 080 F5 F4 F2 F3 F1 $ % A