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Bob lists his coin collection in an online auction with a "reserve" or minimum price at which he will sell it of \$250. The winning bidder is Sam who pays \$500, even though he was willing to pay \$600. Based on this information, which of the following is true?

A

Bob's producer surplus is \$100.

B

Bob's producer surplus is \$350.

C

Sam's consumer surplus is \$350.

D

Sam's consumer surplus is \$250.

E

Bob's producer surplus and Sam's consumer surplus together total \$350.

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