Multiple Choice
Figure 7-18
-Refer to Figure 7-18.If 110 units of the good are being bought and sold,then
A) the marginal cost to sellers is equal to the marginal value to buyers.
B) the marginal value to buyers is greater than the marginal cost to sellers.
C) the marginal cost to sellers is greater than the marginal value to buyers.
D) producer surplus is greater than consumer surplus.
Correct Answer:

Verified
Correct Answer:
Verified
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