Total surplus is elect one: a.always smaller than producer surplus. b.the total value of the good to buyers minus the cost to sellers of providing the good. c.the total cost to sellers of providing the good minus the total value of the good to buyers. d.the difference between consumer surplus and sellers' cost.

Total surplus is elect one: a.always smaller than producer surplus. b.the total value of the good to buyers minus the cost to sellers of providing the good. c.the total cost to sellers of providing the good minus the total value of the good to buyers. d.the difference between consumer surplus and sellers' cost.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section7.3: Market Efficiency

Problem 3QQ

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