An Individual Seller's Producer Surplus on a Unit of a Good

question 51

Multiple Choice

An individual seller's producer surplus on a unit of a good is

• A)zero in perfect competition
• B)zero in monopoly
• C)greater than the buyer's consumer surplus on that unit
• D)an example of a side payment
• E)the difference between the price the seller receives and the cost of producing that unit.

---

Definitions:

Cinemato

Likely related to cinematography or the art of making motion pictures, though not a common term on its own.

Nucl

Likely a shorthand or abbreviation for "nuclear," generally related to fields or substances associated with atomic nuclei, such as in nuclear medicine.

Fluor/o

A combining form used in medical terminology referring to fluoride or fluorine.

Milli-

A prefix in the metric system denoting a factor of one thousandth (0.001).