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Suppose that there are three beachfront parcels of

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Charles, dina and Gilberto will purchase the 3 parcels as there willingness to pay for the parcle is more than the actual price of the parcel. By purchasing at 445, 000 dollars all of three receive consumer surplus. Consumer surplus is the difference between the price consumer is willing to pay for the good and the actual price of the good.

1. Will not

2. Plz provide drop down options.

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