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Kyuubi Kyuubi
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6 years ago
Producer surplus is:
A) the same as the equilibrium price since buyers and sellers agree on that price
B) the amount of a product that sellers will be able and willing to sell at prices above the equilibrium level
C) the difference between the amount that producers receive from selling an item and the amount they would have accepted for the item
D) also referred to as fair market price
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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JavaewJavaew
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6 years ago
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Kyuubi Author
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