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The figure to the right shows the market for tiger shrimp. The market is initially in equilibrium ...
The figure to the right shows the market for tiger shrimp. The market is initially in equilibrium at a price of $15 and a quantity of 80 . Now suppose producers decide to cut output to 40 in order to raise the price to $18. What is the value of the deadweight loss at the equilibrium price of $15 ? A. $0 B. $40 C. $60 D. $100