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3. A buyer's maximum willingness to pay for a dress is $400. For the same dress, the seller's minimum willingness to accept is $210.
3. A buyer's maximum willingness to pay for a dress is $400. For the same dress, the seller's minimum willingness to accept is $210. The actual price of the dress is $250. Can this result in a mutually beneficial trade? If your answer is yes, then what is the Total surplus from this transaction?
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Intermediate Microeconomics and Its Application
Authors: walter nicholson, christopher snyder
11th edition
9781111784300, 324599102, 1111784302, 978-0324599107
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