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producer surplus is the difference between the price the firm would be willing to sell its...

producer surplus is the difference between the price the firm would be willing to sell its goods and the price the firm actually receives. true or false

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Answer #1

The statement given above is TRUE.

That, producer surplus is the difference between the price the firm would be willing to sell its goods and the price the firm actually receives. The difference or surplus amount is the benefit the producer receives for selling the good in the market.

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