producer surplus
Definition
In economics, the difference between the amount that a producer receives from the sale of a good and the lowest amount that producer is willing to accept for that good. The greater the difference between the two prices, the greater the benefit to the producer. On graph of supply and demand, the producer surplus is found above the supply curve and below the point at which the supply and demand curves intersect. See also consumer surplus.
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producer surplus is in the Economics, Politics, & Society subject.
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