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Question 27 (2 points) Suppose a market has only two consumers - Consumer A and Consumer B, and two producers - Producer A and Producer

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Question 27 (2 points) Suppose a market has only two consumers - Consumer A and Consumer B, and two producers - Producer A and Producer B. Which identity is a useful way to describe equilibrium in a perfectly competitive market? C price = marginal benefit to Consumer A = marginal benefit to consumer B = marginal cost to producer A = marginal cost to producer B O price = marginal cost to producer B O price = marginal benefit to Consumer A O marginal benefit to Consumer A > marginal benefit to consumer BQuestion 28 (2 points) Which quantity does Producer Surplus NOT measure? O the benefit to sellers of participating in a market O the total value of a good to sellers O the amount sellers receive above the minimum they would accept O the amount sellers are paid less the amount they were willing to accept

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