Suppose a market has only one seller and only one buyer of a good. The buyer has a reservation value of $25 and the seller has

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4 years ago

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a reservation value of $15. The market price of the good is determined to be $20. If they trade, the social surplus will be ________.

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Readme [11.4K] · Answer 1 · 2022-02-05T03:55:35+03:00

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Lithe social surplus is $5

Suppose a market has only one seller and only one buyer of a good. The buyer has a reservation value of​ $25 and the seller has