The market for used phones is perfectly competitive. Suppose for simplicity, we have the potential suppliers of used phones below with the minimum price at which they are Willingness to Sell (WTP) their used phone. Every person sells only 1 phone, if they sell a phone. If the market price for a phone is $702, what is Producer Surplus in the used phone market? Person    WTP    A          $1,129    B          $290    C          $575    D          $773    E          $814    F          $501

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