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Sarah is selling her used truck. The minimum amount she needs to be paid for the truck is $5,000. She advertises the truck on usedvictoria.com
Sarah is selling her used truck. The minimum amount she needs to be paid for the truck is $5,000. She advertises the truck on usedvictoria.com for $8,000, and eventually sells the truck for $6,000. Her producer surplus is equal to _____.
a) $1,000.
b) $2,000.
c) $3,000.
d) $6,000.
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