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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 7: Consumers, Producers, and the Efficiency of Markets.
  5. Question
    Table 7-8 The Only Four Producers in a Market Have the Following
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Table 7-8 The Only Four Producers in a Market Have the Following

Question 295

Question 295

Multiple Choice

Table 7-8
The only four producers in a market have the following costs:
Table 7-8 The only four producers in a market have the following costs:    -Refer to Table 7-8.If Evan,Selena,and Angie sell the good,and the resulting producer surplus is $300,then the price must have been A)  $200. B)  $300. C)  $450. D)  $600.
-Refer to Table 7-8.If Evan,Selena,and Angie sell the good,and the resulting producer surplus is $300,then the price must have been


A) $200.
B) $300.
C) $450.
D) $600.

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