Explain what is meant by the term consumer surplus.
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Q102: Q103: Define the following: a)utility b)marginal utility c)the Q104: Price discrimination is the practice of charging Q105: What conditions must exist in order for Q106: Price discrimination cannot be practiced if consumers Q108: The consumer surplus derived from products that Q109: It is the marginal utility of the Q111: Utility is defined as the satisfaction or Q112:
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