The difference between the actual price that a producer receives and the minimum acceptable price a producer is willing to accept is
A)the consumer surplus.
B)the producer surplus.
C)allocative efficiency.
D)productive efficiency.

Question

Quizplus · Accepted Answer

The producer surplus is the difference between the actual price a producer receives for a product and the minimum price they are willing to accept for selling the product. It represents the additional benefit or surplus the producer receives from selling the product at the market price.

The Difference Between the Actual Price That a Producer Receives