Total surplus in a market is consumer surplus plus firm profit.
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Q19: Suppose Jess can sell fruit smoothies for
Q20: Suppose a market clears and this generates
Q21: Many economists believe that a market in
Q22: Jean wants to sell her camera.Greg offers
Q23: Producer surplus measures the cost to sellers
Q25: At all quantity levels the price given
Q26: Many economists believe that a market in
Q27: A perfectly competitive free market will maximise
Q28: If all sellers in the market have
Q29: Total surplus is the area under the
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