The benefit to sellers of participating in a market is measured by
A)the amount of taxes collected on sales of the good.
B)producer surplus.
C)the amount sellers receive for their product.
D)the sellers' willingness to sell.

Question

Quizplus · Accepted Answer

Producer surplus is the difference between the price at which the seller is willing to sell a good and the price at which the good is actually sold. It measures the benefit that sellers receive from participating in a market. Therefore, option B is the best choice as it directly refers to producer surplus as a measure of benefit to sellers. The other options are not accurate measures of seller benefits.

The Benefit to Sellers of Participating in a Market Is