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At what point described below will producer surplus most likely drop to zero for a firm? a.)When the firm is taking a significant loss b.)When

At what point described below will producer surplus most likely drop to zero for a firm?

  • a.)When the firm is taking a significant loss
  • b.)When the firm is making a significant profit
  • c.)When producer and consumer surplus are both the same quantity
  • d.)When revenue equals opportunity and variable costs

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