The market for used phones is perfectly competitive. The Marginal Willingness to pay (MWTP) and the Marginal Costs (MC)

[answerhappygod]

The Market For Used Phones Is Perfectly Competitive The Marginal Willingness To Pay Mwtp And The Marginal Costs Mc 1 (38.27 KiB) Viewed 48 times

The market for used phones is perfectly competitive. The Marginal Willingness to pay (MWTP) and the Marginal Costs (MC) for the buyers and sellers in used phone market are given in the table below. If they buy a phone, each buyer purchases only 1 phone. If they sell a phone, each seller sells only 1 phone. What is Total Surplus in the used phone? Remember all market trades are voluntary. Enter a number only. Do not enter the $ sign. Buyer MWTP Seller MC A $346 U $871 B $689 V $428 C $222 W $228 D $933 X $455 $394 Y $715 $738 Z $926 EF