In an Unregulated, Competitive Market Producer Surplus Exists Because Some

question 149

Multiple Choice

In an unregulated, competitive market producer surplus exists because some:

• A) consumers are willing to pay more than the equilibrium price.
• B) producers are willing to take more than the equilibrium price.
• C) producers are willing to sell at less than the equilibrium price.
• D) consumers are willing to purchase, but only at prices below equilibrium price.

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Definitions:

Franchisee

An individual or company that holds the rights to operate a business under the franchise's name and system.

Manager

A person responsible for controlling or administering all or part of a company or similar organization.

Venture Capitalists

Investors who provide capital to startup companies and small businesses with perceived long-term growth potential in exchange for equity, or an ownership stake.

Microloan Investors

Individuals or entities that provide small loans to entrepreneurs, typically in developing countries, to foster business growth and development.