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If All Consumers Pay the Same Price for a Good

Question 7

Multiple Choice
If all consumers pay the same price for a good, that price represents the

If all consumers pay the same price for a good, that price represents the


A) average value.
B) average surplus.
C) value they place on the last unit purchased.
D) average value they place on units purchased.
E) highest price per unit they would be willing to pay.

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