Which of the following is not true about producer surplus? a. Producer surplus is the difference between
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Which of the following is not true about producer surplus?
a. Producer surplus is the difference between what sellers are paid and their cost of producing those units.
b. Producer surplus is shown graphically as the area under the market price but above the supply curve.
c. An increase in the market price due to an increase in demand will increase producer surplus.
d. All of the above are true about producer surplus.
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