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A month ago
The difference between the price a producer receives for a product and the minimum amount a producer is willing to accept for that product is:

▸ producer surplus.

▸ the market demand for a product.

▸ consumer surplus.

▸ perfect competition surplus.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
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A month ago
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producer surplus.
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wrote...
A month ago
Good timing, thanks!
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