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The market demand for taxi rides in Staten Island is given by Q = 100 - P, and the market supply for taxi rides is
The market demand for taxi rides in Staten Island is given by Q = 100 - P, and the market supply for taxi rides is given by Q = 3P. The city has decided that the maximum price that can be charged is 20. What is the deadweight loss? [a.] 20 [b.] 30 [c.] 150 [d.] 300
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