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The Following Table Describes the Reservation Prices and Four Bids

Question 2

Multiple Choice

The following table describes the reservation prices and four bids for an auction of three tickets to the recent Madonna concert. The following table describes the reservation prices and four bids for an auction of three tickets to the recent Madonna concert. The total consumer surplus that results from this auction is: A) $0. B) $99. C) $297. D) $100. E) none of the above.
The total consumer surplus that results from this auction is:


A) $0.
B) $99.
C) $297.
D) $100.
E) none of the above.

Correct Answer:

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