sylviaelizabeth4372 sylviaelizabeth4372
  • 25-07-2017
  • Business
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The difference between the willingness to sell a good and the price a producer receives is also known as:

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Erudite1
Erudite1 Erudite1
  • 01-08-2017
It is known as PRODUCER SURPLUS. Producer surplus is a measure of the difference between the amount of money a producer of a good receives and the lowest amount the producer is willing to accept for the good. The difference, which is the surplus amount is the benefit of the producer for selling the good. 
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