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    Principles of Microeconomics Study Set 10
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    Exam 7: Consumers, Producers, and the Efficiency of Markets
  5. Question
    Table 7-11 The Only Four Producers in a Market Have the Following
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Table 7-11 The Only Four Producers in a Market Have the Following

Question 409

Question 409

Multiple Choice

Table 7-11
The only four producers in a market have the following costs: 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.
-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.

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