Multiple Choice
Table 7-3
The only four consumers in a market have the following willingness to pay for a good:
-Refer to Table 7-3. If there is only one unit of the good and if the buyers bid against each other for the right to purchase it, then the consumer surplus will be
A) $0 or slightly more.
B) $10 or slightly less.
C) $30 or slightly more.
D) $45 or slightly less.
Correct Answer:

Verified
Correct Answer:
Verified
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