Producer surplus is equal to

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    the profit earned on units produced beyond the breakeven point of production.
     the market price of a good less the marginal cost of production for that good.
     the difference between the firms total revenue and its total variable cost of production..
     Both 2 and 3.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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Both 2 and 3.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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