Chapter 9 The Analysis of Competitive Markets Chapter Outline Evaluating the Gains and Losses from Government Policies -Consumer and Producer Surplus The Efficiency of a Competitive Market ·Minimum Prices Price Supports and Production Quotas Import Quotas and Tariffs The Impact of a Tax or Subsidy Chapter 9 The Analysis of Competitive Markets Chapter Outline • Evaluating the Gains and Losses from Government Policies —Consumer and Producer Surplus • The Efficiency of a Competitive Market • Minimum Prices • Price Supports and Production Quotas • Import Quotas and Tariffs • The Impact of a Tax or Subsidy