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29 Nov 2019
Producer surplus is the
minimum amount required by a producer for producing the good
area above the supply curve but below the demand curve
maximum amount a producer can collect from consumers
area above the supply curve but below the market price of the good
select one
Producer surplus is the
minimum amount required by a producer for producing the good
area above the supply curve but below the demand curve
maximum amount a producer can collect from consumers
area above the supply curve but below the market price of the good
select one
18 Nov 2022
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