Does a firms producer surplus differ from its profit if it has no fixed cost?

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Does a firm’s producer surplus differ from its profit if it has no fixed cost?

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 12, 2018 07:04 AM

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For a firm, how does the concept of producer surplus differ from that of profit if it has no fixed costs?
For a firm, how does the concept of producer surplus differ from that of profit?
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Does a firms producer surplus differ from its profit if it has no fixed cost?

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Profit is the difference between a firms revenue and it...View the full answer

Microeconomics

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