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    Principles of Economics
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    Exam 7: Consumers, Producers and the Efficiency of Markets
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    The Economic Meaning of Cost Is
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The Economic Meaning of Cost Is

Question 156

Question 156

Multiple Choice

The economic meaning of cost is:


A) a seller's willingness to sell
B) a seller's consumer surplus
C) the price the buyer pays to obtain the good
D) a buyer's producer surplus

Correct Answer:

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