Multiple Choice
Table 7-11
The only four producers in a market have the following costs:
-Refer to Table 7-11. If Evan, Selena, Angie, and Kris sell the good, and the resulting producer surplus is $700, then the price must have been
A) $200.
B) $300.
C) $500.
D) $700.
Correct Answer:

Verified
Correct Answer:
Verified
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