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18. Refer to Figure 3. Suppose the market shown is perfectly competitive. What is the amount of total consumer surplus? a) $6,250 b] $11,250 c]

18. Refer to Figure 3. Suppose the market shown is perfectly competitive. What is the amount of total consumer surplus? a) $6,250 b] $11,250 c] $12,500 d) $18,750

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