Answer:
b. the market price and the minimum price a seller is willing to accept
Explanation:
The formula to find out the producer surplus is shown below:
Producer surplus = Market price - minimum price to sell the goods
It shows a difference between the market price and the minimum price for accepting the price
Let us take an example, the market price is $10 and the minimum price for accepting the price is $5
So, the producer surplus equal to
= $10 - $5
= $5
