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The table below gives the demand schedule for 3 individuals; A, B and C, for product X.Prices are measured in dollars, and all units of
The table below gives the demand schedule for 3 individuals; A, B and C, for product X.Prices are measured in dollars, and all units of X are discrete units, that is parts of a unit cannot be traded; just whole units of X.Assume that all transaction costs are zero unless stated otherwise in a particular question and assume that if the MV of a buyer is equal to the MV of a seller that the marginal unit will be traded.
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