Exhibit 3A-1 Comparison of Market Efficiency and Deadweight Loss
As shown in Exhibit 3A-1, if the market is in equilibrium, then total surplus is represented by:

A. ABEFD + EFG
B. ABEC + CEFD
C. CDFE + EFG
D. ABEFD - BEF

Answer: B

Economics

You might also like to view...

Suppose you buy a bond with a face value of $1,000 for $800. What is the interest rate you receive on the bond?

A) 0.8% B) 1.25% C) 20% D) 25%

Economics

This study was the catalyst for the early 20th century reform of medical education in the United States. What was it?

a. Coolidge Commission. b. Hill-Burton Committee. c. Mangrum Report. d. Flexner Report. e. Kaiser Foundation Study.

Economics