"Producer surplus" is an example of an "economic rent" - a payment above what is needed to develop the resource

Name: "Producer surplus" is an example of an "economic rent" - a payment above what is needed to develop the resource
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Producer surplus is the difference between the amount a producer is willing to accept for a product or service and the amount they actually receive. It is considered an economic rent because it is a payment above and beyond what is necessary to produce the good or service.

"Producer Surplus" Is an Example of an "Economic Rent" -