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-If the Market Becomes Uncompetitive,a Portion of the Consumer Surplus

Question 1

Multiple Choice

-If the market becomes uncompetitive,a portion of the consumer surplus is passed on to those producers still in the market in the form of higher profits.If the new output is 500 000 units,the amount of consumer surplus transformed into producer surplus is: A) $0.25 million B) $0.5 million C) $1 million D) $5.5 million E) $1.5 million
-If the market becomes uncompetitive,a portion of the consumer surplus is passed on to those producers still in the market in the form of higher profits.If the new output is 500 000 units,the amount of consumer surplus transformed into producer surplus is:


A) $0.25 million
B) $0.5 million
C) $1 million
D) $5.5 million
E) $1.5 million

Correct Answer:

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