The study of the choices made by individual households, firms, and government is called

If the marginal cost curve of all identical firms in a perfectly competitive industry are horizontal at the same per-unit cost, then the market's consumer surplus equals the area

A) beneath the demand curve and above the marginal cost curve. B) above the demand curve and beneath the marginal cost curve. C) below the marginal cost curve. D) above the demand curve.

Who ultimately benefits from price supports in agriculture?

A) consumers B) grocery store owners C) farmers D) exporters