aforce0214 aforce0214

22-02-2019
Mathematics

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Suppose a market has only one seller and only one buyer of a good. The buyer has a reservation value of $25 and the seller has a reservation value of $15. The market price of the good is determined to be $20. If they trade, the social surplus will be ________.

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minit77 minit77

22-02-2019

Lithe social surplus is $5

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