Consider the market for computers. The current price of dell computer is $1200.00. Two consumers, Jeff and Peter, are willing to 1,500 and 1,500, for a new computer. Two electronic stores are willing to sell the dell computers for as little as 1,200 and 1,000 each. What's the total producer surplus in this market?

Consider the market for computers. The current price of dell computer is $1200.00. Two consumers, Jeff and Peter, are willing to 1,500 and 1,500, for a new computer. Two electronic stores are willing to sell the dell computers for as little as 1,200 and 1,000 each. What's the total producer surplus in this market?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter13: Monopoly And Antitrust

Section: Chapter Questions

Problem 13P

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