Multiple Choice
Use the following to answer question:
-(Table: Lunch) Use Table: Lunch.This table shows market demand for picnic lunches for people taking all-day rafting trips on the river.Suppose that the marginal cost and average cost of each lunch are a constant $4 for all firms in the market.What is consumer surplus in this market in the long run?
A) $4
B) $10
C) $180
D) $360
Correct Answer:

Verified
Correct Answer:
Verified
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