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sheila sheila
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2 years ago
Which of the following is the best definition of producer surplus?

▸ quantity produced in excess of the allocatively efficient amount

▸ the total revenue received by the producer for a good minus the total cost of producing that good

▸ the price of a good minus the marginal cost of producing it, summed over the quantity produced

▸ the revenue received for a good, minus the cost of producing it

▸ the price of a good minus the cost of producing it
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Microeconomics

Microeconomics


Edition: 17th
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isaw09isaw09
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2 years ago
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sheila Author
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2 years ago
Just got PERFECT on my quiz
djeghri
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Yesterday
Good timing, thanks!
macbookpro1
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2 hours ago
Smart ... Thanks!
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