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Table 7-8 The Only Four Producers in a Market Have the Following

Question 436

Multiple Choice

Table 7-8
The only four producers in a market have the following costs:
Table 7-8 The only four producers in a market have the following costs: -Refer to Table 7-8.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 7-8.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:

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