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In: Economics

Consider a market for some product that sells for $27. Six suppliers might be interested in supplying; their costs are as follows:

Consider a market for some product that sells for $27. Six suppliers might be interested in supplying; their costs are as follows:

SupplierCosts
J$18
K$29
L$26
M$34
N$32
O$25

Given this information, sellers will supply for total producer surplus of $ .


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Rahul Sunny answered 3 years ago
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