Table 7-12 The Only Four Producers in a Market Have the Following

Multiple Choice

Table 7-12
The only four producers in a market have the following costs:

-Refer to Table 7-12. If the sellers bid against each other for the right to sell the good to a consumer, then the good will sell for

A) $50 or slightly more.
B) $100 or slightly less.
C) $150 or slightly less.
D) $200 or slightly more.