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Question from cathya

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Title: Suppose the cost of producing cellular phones declines from $25 to $20

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Q:

Suppose the cost of producing cellular phones declines from $25 to $20. If buyers’ valuations remain fixed at $30, the transaction would create _____ more economic value.


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Title: Suppose the cost of producing cellular phones declines from $25 to $20

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    • Posted Date: May 4, 2012 at 4:54:44 PM

    • The full tutorial is about words long

 
A:
...e cost of producing cellular phones declines from $25 to $20. If buyers’ valuations remain fix...
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