(Figure: The Market for Apple AirPods) Use Figure: The Market for Apple AirPods. Suppose a country opens up to free trade. If the world price of Apple AirPods is $120, producer surplus:
A) decreases by $1.5 million.
B) increases by $2.5 million.
C) increases by $750,000.
D) decreases by $2.5 million.
Correct Answer:
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