Producer surplus measures the
A)benefits to sellers of participating in a market.
B)costs to sellers of participating in a market.
C)price that buyers are willing to pay for sellers' output of a good or service.
D)benefit to sellers of producing a greater quantity of a good or service than buyers demand.

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the market price and the minimum price that producers are willing to accept for a given quantity of output. It represents the benefit that sellers receive from participating in a market.

Producer Surplus Measures the