Solved

In the Short Run,producers Derive Surplus from Market Exchange Because

Question 165

Multiple Choice

In the short run,producers derive surplus from market exchange because _____


A) the price they receive is greater than the minimum amount they require to sell a good.
B) the price they receive is equal to the minimum amount they require to sell a good.
C) the price they receive is less than the minimum amount they require to sell a good.
D) market price equals average total cost.
E) they can charge higher prices for their products by restricting supply.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents