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Suppose that the price of a concert ticket is $300. Manu values the ticket at $400. It costs $200 for the seller to provide the
Suppose that the price of a concert ticket is $300. Manu values the ticket at $400. It costs $200 for the seller to provide the ticket. What is the value of total surplus if Manu buys the concert ticket? a. $300 b. $400 c. $500 d. $200 e. $100
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
