Question

Why do the ealier units produce at a given price add more producer surplus than the later units produce?

Answer 1

Explanation:

This will cause a race to the bottom until the price is at the equilibrium level. Who sets the ... When Price is Higher than Equilibrium ... This excess supply is also known as a surplus .

Answer 2

Answer:

This will cause a race to the bottom until the price is at the equilibrium level. Who sets the ... When Price is Higher than Equilibrium ... This excess supply is also known as a surplus .