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The value (often denominated in dollars) a buyer associates with a product or service is captured in the: Minimum price a buyer is willing to

The value (often denominated in dollars) a buyer associates with a product or service is captured in the: Minimum price a buyer is willing to pay for the output. Buyer's willingness to pay for it. Total cost incurred by the firm to produce the output. Difference between the output price and the total cost to produce the output

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