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john6969 john6969
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5 years ago
In a perfectly competitive market the long-run demand and supply curves are Q = 12 - P and Q = 5P respectively. Producer surplus in this market equals
A) 0.
B) 5.
C) 10.
D) It cannot be determined without more information.
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Microeconomics

Microeconomics


Edition: 8th
Author:
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ninim2998ninim2998
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#1
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5 years ago
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john6969 Author
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5 years ago
Just got PERFECT on my quiz
Butwhy
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
noodlelicker
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2 hours ago
Thank you, thank you, thank you!
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