Business, 09.10.2019 02:00 AdoNice

Which of the following statements regarding producer surplus are not true? (check all that apply.)

(a) it is the difference between total cost and total revenue.
(b) it arises from selling units at a price that is higher than the marginal cost.
(c) it is the area below the marginal cost curve.
(d) it is not possible to calculate the total producer surplus in the market.

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Which of the following statements regarding producer surplus are not true? (check all that apply.)...