There are four consumers willing to pay the following amounts for an electric car: Consumer1: Consumer 2: Consumer 3: $70,000 $50,000 $90,000 Consumer 4: $30,000 There are four firms that can produce electric cars. Each can produce one car at the following costs: Firm A: Firm B: Firm C: $70,000 $20,000 $40,000 Each firm can produce at most one car. Suppose the market for electric cars is competitive. Why is the equilibrium price in this market $50,000? At this price, the quantity demanded (three cars) equals the quantity supplied (three cars). Firm D: $50,000 At this price, three consumers are willing to buy an electric car and three firms are willing to sell an electric car. At $50,000, three consumers have reservation values equal to or above $50,000 and three firms have reservation values equal to or below $50,000. . All of the above. Which firms will produce an electric car if the price is $50,000? B, A, and C. 2 B,C,andD. B, A, and D. A, C,and D. Which firms will produce an electric car if the price is $50,0007? B, A, and C. 2 B,C,andD. B, A, and D. A, C,and D. Which consumers will buy an electric car when the price is $50,000? X5 1,3 and 4. 1,3, and 2. 2,4,and 1. 2,4, and 3. Complete the following table by calculating consumer surplus, producer surplus, and social surplus when the market price is $50,000. (Enter your responses to the nearest dollar.) Consumer Surplus = I & Producer Surplus Social Surplus =