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

question 409

Multiple Choice

Table 7-11
The only four producers in a market have the following costs:
-Refer to Table 7-11. If Evan, Selena, Angie, and Kris sell the good, and the resulting producer surplus is $700, then the price must have been

• A)$200.
• B)$300.
• C)$500.
• D)$700.

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