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Figure: Generic Market Producer Surplus Refer to the Figure

Question 128

Multiple Choice

Figure: Generic Market Producer Surplus Figure: Generic Market Producer Surplus   Refer to the figure. Calculate the total dollar amount of producer surplus earned in this market if the market price is $60. A)  $800 B)  $1,600 C)  $2,400 D)  $1,200 Refer to the figure. Calculate the total dollar amount of producer surplus earned in this market if the market price is $60.


A) $800
B) $1,600
C) $2,400
D) $1,200

Correct Answer:

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