Question
Producer surplus for a perfectly competitive firm is________. A. the same as profit B. always zero C. the area under the market price and above
Producer surplus for a perfectly competitive firm is________.
A. the same as profit
B. always zero
C. the area under the market price and above thefirm's marginal cost curve
D. the area underfirm's total cost curve and above marginal cost
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
