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In the small country of Freedonia, the domestic demand for widgets is represented by P = 100 - 3 Q ; the domestic supply of
In the small country of Freedonia, the domestic demand for widgets is represented by P = 100 - 3Q; the domestic supply of widgets is represented by P = 1Q. What is the value of total subsidy payments to Freedonia's widget exporters?
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$825
$600
$225
$125
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