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If Harry Is Paid $25,000 to Sell His Crop of Tomatoes

Question 388

Multiple Choice

If Harry is paid $25,000 to sell his crop of tomatoes even though he would have been willing to have sold the crop for as little as $20,000, this indicates that


A) Harry received no producer surplus from the transaction.
B) Harry received $5,000 of producer surplus from the transaction.
C) Harry received $20,000 of producer surplus from the transaction.
D) Harry received $25,000 of producer surplus from the transaction.

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