producer's surplus

noun

variants or less commonly producer's rent
: the payment received by a producer or seller in excess of the least sum he would have been willing to accept to make the sale compare consumer's surplus

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Cite this Entry

“Producer's surplus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/producer%27s%20surplus. Accessed 15 Dec. 2024.

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