Question: 1. 2.3 If the supply function is q = ap, what is the producer surplus if price is p*? (Hint: See Solved Problem 9.1.) M

1. 2.3 If the supply function is q = apη, what is the producer surplus if price is p*? (Hint: See Solved Problem 9.1.) M 3. Competition Maximizes Welfare

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2.3 If the supply function is q = ap, what is the producer surplus if price is p*? (Hint: See Solved Problem 9.1.) M 3. how Competition Maximizes Welfare

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