Table 7-11 The Only Four Producers in a Market Have the Following

question 258

Multiple Choice

Table 7-11
The only four producers in a market have the following costs:
-Refer to Table 7-11. If the sellers bid against each other for the right to sell the good to a consumer, then the producer surplus will be

• A)$0 or slightly more.
• B)$50 or slightly less.
• C)$150 or slightly less.
• D)$200 or slightly more.