-In Figure 23.1 for a good with no externality, which area represents the producer surplus?
A)ABC
B)BP*C
C)0BCQ*
D)0P*CQ*

Name: -In Figure 23.1 for a good with no externality, which area represents the producer surplus? A)ABC B)BP*C C)0BCQ* D)0P*CQ*
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Question

-In Figure 23.1 for a good with no externality, which area represents the producer surplus? 
A)ABC 
B)BP*C 
C)0BCQ* 
D)0P*CQ*

Quizplus · Accepted Answer

Producer surplus is the area above the supply curve but below the price level, which is represented by the area BP*C in this context.