Producer surplus is the » MCQ Academy English

Managerial Economics

Producer surplus is the

area above the supply curve but below the demand curve.
area above the supply curve but below the market price of the good.
minimum amount required by a producer for producing the good.
maximum amount a producer can collect from consumers.

Note

Producer surplus is the area above the supply curve but below the market price of the good.

Tags: Demand and Supply

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