Producers' surplus is the difference between the price __________ receive for a good and the __________ price for which they would have __________ the good.
A) sellers; maximum; sold
B) buyers; maximum; bought
C) sellers; minimum; sold
D) buyers; minimum; bought

Question

Quizplus · Accepted Answer

Producers' surplus is the difference between the market price at which sellers actually sell a good and the minimum price at which they would have been willing to sell the good. This concept reflects the extra benefit or surplus producers receive from selling at the market price.

Producers' Surplus Is the Difference Between the Price __________ Receive