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Problem 8 60 45 Price (dollars per cell phone) A 30 15 D 50 100 150 200 Quantity (cell phones per month) a) Calculate total

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Problem 8 60 45 Price (dollars per cell phone) A 30 15 D 50 100 150 200 Quantity (cell phones per month) a) Calculate total surplus based on the competitive market for cell phones (calculation should be visible)? b) Based on the figure above which surplus is higher consumer or producer (explain why)

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