The minimum supply-price is the same as
A) marginal cost.
B) market price.
C) producer surplus.
D) profit.

Name: The minimum supply-price is the same as A) marginal cost. B) market price. C) producer surplus. D) profit.
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Question

Quizplus · Accepted Answer

The minimum supply-price is the price at which producers are willing to supply a good, which corresponds to the marginal cost of production.

The Minimum Supply-Price Is the Same as