Buyer Reservation Value ($) Seller Reservation Value ($) Madeline 70 Tom 10 Katie 60 Mary 20 Sean 50 Jeff 30 Dave 40 Phil 40 Ian 30 Adam 50 Kim 20 Matt 60 Ty 10 Fiona 70 Part 2 Suppose the minimum price is given as $55 (a "price floor"). Which of the following statements is true in the market for used iPhones? A. Madeline and Katie will each be willing to buy an iPhone. B. Dave and Ian will each be willing to buy an iPhone. C. Sean and Dave will each be willing to buy an iPhone. D. Kim and Ty will each be willing to buy an iPhone.
Added by Steve M.
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