Suppose that in a competitive market for ukuleles, three buyers (Peter, Paul, and Mary) have the marginal benefit (MB) schedules below. Quantity MB—Peter MB—Paul MB—Mary 1 150 140 130 2 120 110 100 3 90 80 70 4 60 50 40 5 30 20 10 If the equilibrium price is $80, calculate the quantity purchased by each buyer.

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