"consider a market where the demand and supply for the good are described by the following equations: begin mathsize 14px style straight q subscript straight d space equals space 225 space minus space 3 straight p end style and begin mathsize 14px style straight q subscript straight s space equals space minus space 22.5 space plus space 1.5 straight p end style if the market is perfectly competitive, the good is rival and excludable, and there are no externalities, the total surplus is"
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Category: chemistry |
Author: Ehud Raghnall
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