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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] $13,750

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