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Refer to the Diagram

Question 76

Multiple Choice

Refer to the diagram. Assuming equilibrium price P<sub>1</sub>, producer surplus is represented by areas A) a + b. B) a + b + c + d. C) c + d. D) a + c. Refer to the diagram. Assuming equilibrium price P1, producer surplus is represented by areas


A) a + b.
B) a + b + c + d.
C) c + d.
D) a + c.

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