Multiple Choice
If you are willing to sell your lawn mower business for $355,000 and someone offers you $420,000 for it,this transaction will generate:
A) There is no surplus created
B) $65,000 worth of seller surplus and unknown amount of buyer surplus
C) $30,000 worth of buyer surplus and $35,000 of seller surplus
D) $65,000 worth of buyer surplus and unknown amount of seller surplus
Correct Answer:
Verified
Correct Answer:
Verified
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