Suppose there are four firms that are each willing to sell one unit of a good. Each firm has a different minimum price that they are willing to sell for: Firm A, $6; Firm B, $7; Firm C, $10; and Firm D, $12. If the market price is $11 then the total producer surplus is
A) $33.
B) $11.
C) $9.
D) $10.

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The Answer of Suppose there are four firms that are each willing to sell one unit of a good. Each firm has a different minimum price that they are willing to sell for: Firm A, $6; Firm B, $7; Firm C, $10; and Firm D, $12. If the market price is $11 then the total producer surplus is
A) $33.
B) $11.
C) $9.
D) $10.

Suppose There Are Four Firms That Are Each Willing to Sell