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AlladinOne [14]
2 years ago
10

The difference between the ________ and the ________ from the sale of a product is called producer surplus.

Business
1 answer:
Grace [21]2 years ago
5 0

The difference between the lowest price (that a firm would have been keen to accept) and the price it actually receives from the sale of a product is called producer surplus.

<span>Producer Surplus is an economic measurement. Total economic welfare is equal to the addition of consumer surplus and producer surplus.</span>

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