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Producer Values
The set of ethical principles and standards that guide the behavior and practices of producers or manufacturers.
Buyer Surplus
Buyer surplus is the difference between the maximum amount a consumer is willing to pay for a good or service and the actual amount paid.
Producer Surplus
The difference between the amount producers are willing to supply a good for and the actual amount they receive (or market price).
Minimum Price
The lowest possible price at which a product or service can be sold, often regulated by governments to protect producers or consumers.
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