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2.5.2 meaning and significance of producer surplus
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What is producer surplus?

What is producer surplus?

Producer surplus is the difference between the price a producer actually receives and the minimum price they would have accepted. For example, if a farmer receives £5 for a crate they were willing to sell for £3, the producer surplus is £2.

2.5.2 meaning and significance of producer surplus Lesson

  1. Intl A Level
  2. /Economics
  3. /2.5.2 meaning and significance of producer surplus

Step-by-step lessons on CIE Intl A Level Economics 2.5.2 meaning and significance of producer surplus. Each one builds up to exam-style questions.

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