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Flashcard sets with a 'producer surplus' term meaning 'measure the revenue producers receive beyond the minimum required to induce them to supply the good; area above the domestic supply curve and below the price'
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Flashcard sets with a 'producer surplus' term meaning 'measure the revenue producers receive beyond the minimum required to induce them to supply the good; area above the domestic supply curve and below the price'
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1
iEcon
by
redsox11
87 terms
October 12, 2009
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