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Part 4: Fill in the blank. Producer surplus is the dierence between the lowest price producers are willing to accept and the price they actually

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Part 4: Fill in the blank. Producer surplus is the dierence between the lowest price producers are willing to accept and the price they actually receive. Graphically, it is the area (below, above) the supply curve and (below, above) the market price, out to the quantity that producers actually sell. Part 5: When the price of blueberries is $3 per pound, how much producer surplus do producers enjoy from selling blueberries? Part 6: When the price of blueberries is $5 per pound, how much producer surplus do producers enjoy from selling blueberries

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