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Condition for Potential Surplus from Trade
A potential for surplus, which creates the opportunity for gains from trade, exists whenever a buyer's willingness to pay for a good is greater than the marginal cost of producing it.
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CORE Econ
Economics
Economy
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ
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