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    Microeconomics Study Set 23
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    Exam 11: Pricing With Market Power
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    The Maximum Price That a Consumer Is Willing to Pay
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The Maximum Price That a Consumer Is Willing to Pay

Question 50

Question 50

Multiple Choice

The maximum price that a consumer is willing to pay for a good is called:


A) the reservation price.
B) the market price.
C) the first-degree price.
D) the block price.
E) the choke price.

Correct Answer:

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