Gadgets Producers Marginal Cost ABC Inc. $2 DEF Corp. $4 GHl Inc. $6 JKLCorp. $8 If the price of Gadgets is $4 then all else the same, the producers for Gadgets will be ABC Inc., DEF Corp. ABC Inc. GHI Inc., JKL Corp. DEF Corp., GHI Inc., JKL Corp. each producer can only make one Gadget, then the producer v Based on the information we have the most efficient producer of Gadgets is [ Select ] ~ If the price of Gadgets were $10 then we know that JKL Corp. [ Select ] v If these producers have to bid against each other to produce one Gadget then [ Select ] v Gadgets Producers Marginal Cost ABC Inc. $2 DEF Corp. $4 GHI Inc. $6 JKL Corp. $8 If the price of Gadgets is $4 then all else the same, the producers for Gadgets will be [ Select ] ~ If the price of Gadgets is $4 and each producer can only make one Gadget, then the producer surplus it RAEECES! $6 and 2 Gadgets are produced. $2 and 2 Gadgets are produced. Based or efficient producer of Gadgets is $2 and 1 Gadget is produced. [SE|eCt. $0 and 1 Gadget is produced. If the price of Gadgets were $10 then we know that JKL Corp. [ Select ] v If these producers have to bid against each other to produce one Gadget then [ Select ] N Gadgets Producers Marginal Cost ABC Inc. $2 DEF Corp. %4 GHI Inc. $6 JKLCorp. $8 If the price of Gadgets is $4 then all else the same, the producers for Gadgets will be [ Select ] v If the price of Gadgets is $4 and each producer can only make one Gadget, then the producer surplusis [ Select] Based on the information we have the most efficient producer of Gadgets is v [ Select ] ' ABC Inc. GHl Inc. LO then we know that JKL Corp. DEF Corp. | JKL Corp. v If these producers have to bid against each other to produce one Gadget then [ Select ] v Gadgets Producers Marginal Cost ABC Inc. $2 DEF Corp. %4 GHI Inc. $6 JKLCorp. %8 If the price of Gadgets is $4 then all else the same, the producers for Gadgets will be [ Select ] v If the price of Gadgets is $4 and each producer can only make one Gadget, then the producer surplus is [ Select] % Based on the information we have the most efficient producer of Gadgets is [ Select ] ~ If the price of Gadgets were $10 then we know that JKL Corp. v [ Select ] earns $2 of producer surplus per Gadget. earns -$2 or producer surplus per Gadget. sther to produce one Gadget then earns $10 of producer surplus per Gadget. earns $8 of producer surplus per Gadget. Gadgets Producers Marginal Cost ABC Inc. $2 DEF Corp. $4 GHI Inc. $6 JKL Corp. $8 If the price of Gadgets is $4 then all else the same, the producers for Gadgets will be [ Select ] v If the price of Gadgets is $4 and each producer can only make one Gadget, then the producer surplus is [ Select] v Based on the information we have the most efficient producer of Gadgets is [ Select ] v If the price of Gadgets were $10 then we know that JKL Corp. [ Select ] v If these producers have to bid against each other to produce one Gadget then v [ Select ] ABC Inc. produces it and needs to bid just under $2. JKL Corp. produces it and needs to bid just over $8. ABC Inc. produces it and needs to bid just under $4. JKL Corp. produces it and needs to bid just over $6