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Reika [66]
3 years ago
14

Which of the following is the definition of producer​ surplus?

Social Studies
1 answer:
coldgirl [10]3 years ago
3 0

Answer:

A. the difference between the lowest price a firm would have been willing to accept and the price it actually receives.

Explanation:

Producer surplus is the measure of the welfare of the producer.

producer surplus is defined as the difference between the lowest price the company or a firm is willing to accept and the price that is received by the firm actually.

It is also shown by the graph of Price v/s Quantity. The area of this graph represents the Producer Surplus.

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