Assume that the supply curve is horizontal because marginal cost is constant at $10.John,Robert,and Jimmy each value one compact disc at $20 but only Jimmy and John value a second compact disc (Jimmy at $5 and John at $15).The maximum possible value achieved in this market is
A) $35.
B) $60.
C) $75.
D) $80.

Question

Quizplus · Accepted Answer

The Answer of Assume that the supply curve is horizontal because marginal cost is constant at $10.John,Robert,and Jimmy each value one compact disc at $20 but only Jimmy and John value a second compact disc (Jimmy at $5 and John at $15).The maximum possible value achieved in this market is
A) $35.
B) $60.
C) $75.
D) $80.

Assume That the Supply Curve Is Horizontal Because Marginal Cost