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Suppose demand and supply conditions in a market are given by P = 12 - 2QD...

Suppose demand and supply conditions in a market are given by P = 12 - 2QD and P = 3 + QS respectively. In equilibrium, a market will usually generate both consumer and producer surplus. Who gets the most surplus in this market? A. Consumers and producers split the surplus equally. B. Consumers get more surplus than producers. C. Producers get more surplus than consumers. D. There is neither consumer nor producer surplus in this market.

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