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Meaning of producer surplus | Babel Free

Noun CEFR B2

Definitions

The difference between the minimum amount a producer is willing to accept for a product (based on the cost of production) and the current market price.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

producer tag producer-only market produceress producerism producerist Producers

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