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Economics

Consider a transaction between two market participants. Suppose Wendy is a buyer who is willing to pay as much as $50 for a concert ticket. Suppose Bruce has a ticket and would like to receive $25 if he decides to sell it. Assuming the market price for this trade is $40, how much is the total market surplus?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91857731

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