Suppose you pay $8 to see Tom Cruise in his next movie. Suppose Mr. Cruise receives $21 million to work in this movie. This means that:
A) you would have been better off being more self-reliant in the movie market.
B) Tom Cruise received a producer surplus of $21 million.
C) you received a consumer surplus of $8.
D) you and Tom Cruise benefited from this transaction.
Correct Answer:
Verified
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