Multiple Choice
Serena paid $900 for a camera that she thought was worth $1100 for all the features included in it. For the consumer electronics firm selling the camera, however, the cost of producing the camera was only $350. What is the consumer surplus in this scenario?
A) $900
B) $1,100
C) $550
D) $200
Correct Answer:
Verified
Correct Answer:
Verified
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