Question: QUESTION 14 Please use the graph below to answer the next TWO questions. Marginal Cost b Price PPC e d MCM Demand Marginal Revenue Quantity

 QUESTION 14 Please use the graph below to answer the next

TWO questions. Marginal Cost b Price PPC e d MCM Demand Marginal

QUESTION 14 Please use the graph below to answer the next TWO questions. Marginal Cost b Price PPC e d MCM Demand Marginal Revenue Quantity If the above market were perfectly competitive, consumers' surplus would be shown by area. O a O a+ b O atb + c O atb+ d QUESTION 15 (Please use the graph from the previous question.) If, alternatively, the above market is controlled by a pure monopoly firm, consumers' surplus would be shown by the area and the deadweight loss from monopoly power would be shown by the area O a cte O a O atb, c O abodeighykimnopqrstuvwxyz who knows

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