Consumer surplus
a. the highest price a consumer is willing to pay to consume a good o...
Business, 20.12.2019 07:31, dennismathews01
Consumer surplus
a. the highest price a consumer is willing to pay to consume a good or service.
b. the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to accept.
c. the difference between the highest price a consumer is willing to pay and marginal benefit.
d. the difference between the lowest price a firm would be willing to accept and the price it actually receives.
e. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays.
Answers: 1
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