Regulation in a city or town that designates separate areas for residency and business:

________ is the value of a good minus the price paid for it summed over the quantity bought

A) Producer surplus B) Consumer surplus C) Surplus D) Shortage

A typical firm in a cartel will hold which of the following attitudes?

A) If everyone cheats, I'm better off, and so is everyone in the cartel. B) If I alone cheat, I'm better off; if everyone cheats, I'm worse off. C) I can never do better for myself than following agreed-upon cartel rules. D) If I suspect others are planning to cheat, I'll do best for myself by deciding not to cheat.