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:

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