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Tidy Tidy
wrote...
Posts: 4852
9 years ago
What is producer surplus? What does producer surplus measure?
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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wrote...
9 years ago
 Producer surplus is the difference between the lowest price a firm would be willing to accept for a good or service and the price it actually receives. Producer surplus measures the net benefit received by producers from participating in a market.
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