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In an Unregulated, Competitive Market Producer Surplus Exists Because Some

Question 149

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.

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