1. If all the firms listed are the entire market, what would be the total producer surplus?
A) $27
B) $17
C) $10
D) $7
E) Cannot be determined.
2. If Reff Co. and Jackson Co. are the only firms in the market, how much total revenue will the suppliers receive?
A) $27
B) $17
C) $12
D) $7
E) Cannot be determined.
3. If all the firms listed are the entire market, what would be the total revenue of these five?
A) $40
B) $30
C) $12
D) $7
E) Cannot be determined.