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a. Generally, there will be a difference between the CV and the EV. Why?
b. The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled.
what are the advantages of monopsony?
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choose a topic from microeconomics that matters to you and find a recent news article covering that topic?
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