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    Exam 3: Demand, Supply, and the Market Process
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    Bill Is Willing to Cut Lawns for a Minimum of $200
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Bill Is Willing to Cut Lawns for a Minimum of $200

Question 307

Question 307

Multiple Choice

Bill is willing to cut lawns for a minimum of $200 a week. He is, however, paid $250 for the same service by a lawn maintenance company. This is an example of


A) consumer surplus.
B) employment discrimination.
C) producer surplus.
D) the derivation of accounting profit.

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