Suppose That a Customer's Willingness-To-Pay for a Product Is $1,480

question 210

Multiple Choice

Suppose that a customer's willingness-to-pay for a product is $1,480, and the seller's willingness-to-sell is $1,210. If the negotiated price is $1,300, how much is producer surplus?

• A) $90
• B) $210
• C) $220
• D) $270

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