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Match Each Term with Its Definition

question 52

Multiple Choice

Match each term with its definition.
-Outlines the most important qualities and abilities that are needed for a job,and includes a section where strengths and weaknesses can be listed


Definitions:

Willing Supplier

An entity or individual that is ready and able to provide goods or services at a certain price.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus what they actually receive in the market.

Market Price

The ongoing value at which a commodity or service is offered for buy or sell in a trading environment.

Producer Surplus

The gap between the amount sellers are prepared to accept for a product and the actual selling price they obtain.

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