Examlex
What is created when a drive is partitioned?
Producer Surplus
The gap between the price producers are willing to accept for offering a good or service and the actual price they receive.
World Price
The global equilibrium price of a good or service determined by worldwide supply and demand.
Consumer Surplus
Consumer surplus refers to the difference between what consumers are willing to pay for a good or service and what they actually pay.
Producer Surplus
The difference between what producers are willing to accept for a product versus what they actually receive, usually seen as a measure of producer welfare.
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