What is producer surplus? “The more the competition among the sellers, the less the producer surplus

What is producer surplus? “The more the competition among the sellers, the less the producer surplus enjoyed by the producers” – do you agree with the statement. Justify your answer. Suppose, a producer is willing to sell 50Kg potato at price Tk.18/Kg. If the market price of potato is Tk.24/Kg, what will be the total producer surplus of the producer if he/she sells 50Kg potato?
mobasshirshakil
Asked Sep 10, 2012
This EHelp, not E-Do-Your-Homework-For-You.
Rob
Answered Sep 10, 2012

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