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Suppose There Are Only Three Consumers in the Market for a Good

Question 66

Multiple Choice

Suppose there are only three consumers in the market for a good and each consumer will buy only one unit of the good.Their individual economic values for the good are $6,$8,and $12,respectively.If the market price for the good is $10,what is the total consumer surplus for the three buyers?


A) $2
B) $4
C) $6
D) $8
E) $12

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