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kvv77 [185]
3 years ago
7

What is Net benefit? Economics class

Social Studies
1 answer:
Over [174]3 years ago
7 0
The benefit received from paying less for a good than the maximum amount that the person is willing to pay for it. Thus, if a person is willing to pay up to $3 for something, but the market price is $1, then the net economic benefit for that item is $2.
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