Examlex
Identify the correct statement:
Consumer Surplus
the difference between what consumers are willing to pay for a good or service and what they actually pay.
Market Price
The price at which a product or service is sold in the open market, determined by supply and demand.
Willing To Pay
The maximum amount a consumer is prepared to spend on a good or service.
Costs Of Production
The total expenses incurred in the manufacture of a product or the offering of a service.
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