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The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $36, $34, $26,

The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $36, $34, $26, $24, and $12 (one seller at each price). Five buyers are willing to buy one widget at the following prices: $12, $24, $26, $34, and $36 (one buyer at each price).

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