Question: It has recently been estimated that the average American eats about 2 8 0 eggs per year. That comes out to nearly 1 0 0
It has recently been estimated that the average American eats about eggs per year. That comes out to nearly million dozen eggs bought and sold per year. The graph below shows a hypothetical model of this market. Use it for the next several questions.
Suppose the market were operating at a quantity of million dozen eggs per year. At this current level, the value to the buyers is
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