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Suppose Seller X Is Willing to Sell One Good X

Question 3

Multiple Choice

Suppose seller X is willing to sell one good X for $5, a second good X for $10, a third for $16, a fourth for $25, and the market price is $20. What is seller X's producer surplus?


A) $15
B) $20
C) $22
D) $29

Correct Answer:

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