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Figure 3-21 Refer to Figure 3-21. at the Quantity Q 3

Question 344

Multiple Choice

Figure 3-21 Figure 3-21 Refer to Figure 3-21. At the quantity Q <sub>3</sub>, A) the market is in equilibrium. B) consumer surplus is maximized. C) the sum of consumer surplus and producer surplus is maximized. D) the value to buyers is less than the cost to sellers.
Refer to Figure 3-21. At the quantity Q 3,


A) the market is in equilibrium.
B) consumer surplus is maximized.
C) the sum of consumer surplus and producer surplus is maximized.
D) the value to buyers is less than the cost to sellers.

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