Multiple Choice
Use the following to answer questions:
-(Table: Marginal Benefit, Cost, and Consumer Surplus) The table Marginal Benefit, Cost, and Consumer Surplus shows six consumers' willingness to pay for one iTunes download. If the marginal social cost is constant at $0, then the efficient price is _____ and consumer surplus is _____.
A) $0; $37
B) $1; $36
C) $4; $33
D) $5; $32
Correct Answer:

Verified
Correct Answer:
Verified
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