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With a dutch flower auction, ______.

An individual buyer's consumer surplus is close to or equal to zero and producer surplus is greater than zero if price exceeds marginal cost -

Consumer surplus is the excess of the marginal benefit from a good over the price paid for it, summed over the quantity consumed.

With a Dutch auction, a buyer will bid when the price reaches the price they are willing to pay. In this case, their consumer surplus is zero.

All of these

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Correct Answer: All of these

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