The Diagram Below Shows Supply,demand,and Quantity Exchanged of Monday Matinee

question 59

Multiple Choice

The diagram below shows supply,demand,and quantity exchanged of Monday matinee movie tickets.Assume it is a perfectly competitive market. FIGURE 12-4
-Refer to Figure 12-4.What is the value of the producer surplus generated in this market at the free-market equilibrium?

• A)$0
• B)$5
• C)$10
• D)$125
• E)$250

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