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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. $400 b. $500 c. $100 d. $300 e. $200
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