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Economic surplus is A. equal to producer surplus - consumer surplus. B. the product of consumer surplus and producer surplus C. equal to consumer surplus

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Economic surplus is A. equal to producer surplus - consumer surplus. B. the product of consumer surplus and producer surplus C. equal to consumer surplus - producer surplus. D. the sum of consumer surplus and producer surplus. Because economic surplus is the (1) of the benefit to firms and the benefit to consumers, it is the best measure we have of the benefit to society from the production of a particular good or service. (1) quotient, sum, difference, product

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