market for N-95 masks is perfectly competitive. Market Demand is given by Q=434-2P and Market Supply is given by Q=2P. The government imposes a price ceiling of $52. What is the maximum Consumer Surplus in the market with the price ceiling?

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Q: The consumer surplus is $25 and the market price is $40 Find the maximum willingness to pay of…

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Q: Find consumer surplus is total surplus is $55 and producer surplus is $30

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