Using a graph similar to figure, show that increasing output beyond the competitive level decreases total surplus

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Using a graph similar to figure, show that increasing output beyond the competitive level decreases total surplus because the cost of producing this extra output exceeds the value consumers place on it.

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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