Describe the producer surplus

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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?

Reference no: EM13197504

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