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Question 72 Producer Surplus is defined as O a. the amount that the consumer is willing to pay minus the producer's cost of production. O

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Question 72 Producer Surplus is defined as O a. the amount that the consumer is willing to pay minus the producer's cost of production. O b. the amount that the consumer is willing to pay minus the price the consumer pays. O c. the amount that is paid by consumers minus the producer's cost of production. O d. the number of units produced in excess of the number of units consumers wish to buy at that price

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