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A consumer values a car at $20,000, and it costs the manufacturer $15,000 to make the car.If the transaction is completed at $18,000, the transaction
A consumer values a car at $20,000, and it costs the manufacturer $15,000 to make the car.If the transaction is completed at $18,000, the transaction will generate:
A.We need more information to answer this question
B.total surplus equal to $5,000, but we do not know how this amount is allocated to the buyer and seller
C.consumer surplus equal to $2,000 and producer surplus equal to $3,000
D.consumer surplus equal to $3,000 and producer surplus equal to $2,000
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