Table 7-11
The only four producers in a market have the following costs:
-Refer to Table 7-11. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, then the price must have been
A)$200.
B)$300.
C)$450.
D)$600.

Question

Table 7-11
The only four producers in a market have the following costs: 
-Refer to Table 7-11. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, then the price must have been
A)$200. 
B)$300. 
C)$450. 
D)$600.

Quizplus · Accepted Answer

The Answer of Table 7-11
The only four producers in a market have the following costs: 
-Refer to Table 7-11. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, then the price must have been
A)$200. 
B)$300. 
C)$450. 
D)$600.

Table 7-11 The Only Four Producers in a Market Have the Following