The figure above shows the market for coffee. If the efficient quantity of coffee is produced, the consumer surplus is
A) $10 million.
B) $20 million.
C) $60 million.
D) zero.
A
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Indicate whether the statement is true or false
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A. always equals the marginal revenue. B. is always less than the marginal revenue. C. exceeds the marginal revenue. D. always equals the marginal cost of the product.
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