Multiple Choice
A market is composed of five demanders with the following reservation prices, $30, $25, $40, $75, and four suppliers' supplies with the following reservation prices, $75, $55, $80 and $85. Which of the following is a competitive equilibrium price?
A) $30
B) $40
C) $60
D) $50
Correct Answer:
Verified
Correct Answer:
Verified
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