The difference between the actual price that a firm receives
The difference between the actual price that a firm receives and the minimum acceptable price a firm is willing to accept is O The consumer surplus O Productive efficiency O Allocative efficiency O The producer surplus pr
Solution
Ans:
The producer surplus
Producer surplus is difference between the price producers are willing to receive and the price they actually receive.In this case the actual price that a firm receives and the minimum acceptable price a firm is willing to accept is the producer surplus.
