(Figure: Market for Peanuts II) At a price floor of $750, there is an excess supply of _____ tons of peanuts. 
Definitions:
Competitive Price-searcher Market
A market in which firms have some control over prices because their products are differentiated, but they still face competition and must search for competitive pricing strategies.
Zero Economic Profit
A situation where a firm's total revenue equals its total costs, including both explicit and implicit costs, indicating no supernormal profit.
Marginal Revenue
The additional income gained from selling one more unit of a good or service.
Marginal Cost
The additional cost incurred by producing one more unit of a product or service, a crucial concept for decision making in production and pricing strategies.
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