Table 7-2 The only four producers in a market have the following costs: Seller Evan Selena Angie Kris Cost $50 $100 $150 $200 8. Refer to Table 7-2. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, th must have been $200

Microeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter3: Demand, Supply, And The Market Process
Section: Chapter Questions
Problem 6CQ
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please show your thought process on this Im pretty sure its D but im not 100% confident 

Table 7-2
The only four producers in a market have the following costs:
Cost
$50
Selena $100
Angie $150
Kris
$200
Seller
Evan
8. Refer to Table 7-2. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, then the price
must have been
a. $200.
b. $300.
c. $450.
d. $600.
Transcribed Image Text:Table 7-2 The only four producers in a market have the following costs: Cost $50 Selena $100 Angie $150 Kris $200 Seller Evan 8. Refer to Table 7-2. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, then the price must have been a. $200. b. $300. c. $450. d. $600.
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