Table 7-14 The Only Four Producers in a Market Have the Following

question 176

Multiple Choice

Table 7-14
The only four producers in a market have the following costs:

-Refer to Table 7-14. If Abbey, Bev, and Carl sell the good, and the resulting producer surplus is $55 altogether, then the price must have been

• A) $40.
• B) $50.
• C) $60.
• D) $70.

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