The following table displays the reservation values of eight buyers and eight sellers, who each want to buy or sell a calculator. You are in charge of deciding which buyer trades (or not) with which seller at what price as you see fit. You could prescribe different prices to each pair of a buyer and a seller.
-Refer to the table above.Suppose you decided that Buyer 1 and Seller 1 trade at the price that is exactly halfway between their reservation values.Also Buyer 2 and Seller 2,Buyer 3 and Seller 3,Buyer 4 and Seller 4,and Buyer 5 and Seller 5 do the same.The outcome will be ________.Buyer ________ has the largest net benefit of ________.Buyer ________ has the smallest net benefit of ________.
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