Oliva.Noem! NAME PRINT LAST NAME, FIRST NAME MARKET EFFICIENCY sb.i.lorwolsd NA Use the graph below to fill in the blanks. 1. Price ($) 8. Supply e 6. Demand basmoT 100 200 300 Quantity On Equilibrium price is $_4 and equilibrium quantity is CC 2. In equilibrium, consumer surplus is equal to $ 4OO 2 Lapo lliw almue boyn sup 3. In equilibrium, producer surplus is equal to $ 200 w aepue The efficient level of output in this market is equal to 00.where MB = M¢ 5. The efficient level of output in this market is the level of output at which combined leupe lliw bor bo consumer and producer surplus is

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