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iren2701 [21]
3 years ago
11

Producers' surplus is __________.

Business
1 answer:
evablogger [386]3 years ago
4 0

Answer:

the difference between the price a seller receives for a good and the minimum price for which he would have sold the good. 

Explanation:

Producer surplus is the difference between the price a seller sells her goods and the least price she would be willing to sell her goods.

Consumer surplus is the difference between the price a buyer pays for a good and the highest price he would have paid for the good.

I hope my answer helps you

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