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QUESTION
Market consumer surplus A) is equal to total market revenue minus cost. B) is the area under the demand curve and above market price, up to the...
Market consumer surplus
A) is equal to total market revenue minus cost.
B) is the area under the demand curve and above market price, up to the quantity actually bought.
C) does not depend on the quantity sold.
D) is the area under the market price and above the marginal cost curve.
