NO sources or citation styles are needed for this exam question.
Attached is the pdf version of the book we read while studying the course States Markets & EU Integration, which is the only book we’re supposed to use during the online exam. Chapter 4 is the relevant chapter where you can find how to
calculate things like utility range-spread, consumer surplus, seller surplus, welfare effect etc. in order to be able to answer the question or some knowledge of basic economics. Word limit is specified in each sub question. Each subquestion has to be answered separately.
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