Multiple Choice
In an unregulated, competitive market producer surplus exists because some:
A) consumers are willing to pay more than the equilibrium price.
B) producers are willing to take more than the equilibrium price.
C) producers are willing to sell at less than the equilibrium price.
D) consumers are willing to purchase, but only at prices below equilibrium price.
Correct Answer:

Verified
Correct Answer:
Verified
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