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Decision Process
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What Is Consumer Surplus?
2:56
YouTubeMarginal Revolution University
What Is Consumer Surplus?
Consumer surplus is the consumer's gain from exchange. It's the difference between the maximum price that the consumer is willing to pay for a given quantity, and the market price the consumer actually has to pay. Total consumer surplus is the sum of the consumer surplus of all buyers ...
183K viewsAug 28, 2018
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