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lbvjy [14]
2 years ago
15

Producer surplus in a perfectly competitive industry is the same thing as revenue. the difference between profit at the profit-m

aximizing output and profit at the profit-minimizing output. the difference between revenue and fixed cost. the difference between revenue and variable cost. the difference between revenue and total cost.
Business
1 answer:
Damm [24]2 years ago
6 0

Answer:

the difference between revenue and variable cost

Explanation:

As we know that

Producer surplus is = Total Revenue - Total Variable Cost

So here we can see that the producer surplus would be the difference between the revenue & the variable cost in the industry i.e. perfectly competitive

Hence, the second last option is correct

And, the other options are wrong

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