Figure 5.4 
-Refer to Figure 5.4.The figure above represents the market for pecans.Assume that this is a competitive market.Which of the following statements is true if 4000 metrics of pecans are sold?
A) The deadweight loss is equal to $12 000.
B) Consumer surplus equals zero.
C) The marginal benefit of each of the 4000 metrics of pecans equals $3.
D) Marginal benefit is equal to marginal cost.
Correct Answer:
Verified
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