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Suppose That a Customer's Willingness-To-Pay for a Product Is $79

Question 62

Multiple Choice

Suppose that a customer's willingness-to-pay for a product is $79, and the seller's willingness-to-sell is $64. If the negotiated price is $68, how much is producer surplus?


A) $4
B) $11
C) $15
D) $21

Correct Answer:

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