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