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Assume Phoebe is willing to pay (WTP) up to $875 for a smartphone, and a smartphone company is willing to sell (WTA or willingness to
Assume Phoebe is willing to pay (WTP) up to $875 for a smartphone, and a smartphone company is willing to sell (WTA or "willingness to accept") a smartphone for as low as $402. The price in the market for a smartphone is $621. What is consumer surplus
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