The difference between the actual price that a producer receives and the minimum acceptable price a producer is willing to accept is

A) the consumer surplus.
B) the producer surplus.
C) allocative efficiency.
D) productive efficiency.

Producer Surplus

The difference between the amount that producers are willing and able to supply a good for and the actual amount they receive (the market price).

Actual Price

Refers to the real price at which a transaction takes place, considering any discounts or premiums, as opposed to a theoretical or listed price.

Minimum Acceptable Price

The lowest price that a seller is willing to accept for a good or service, ensuring that the sale covers production costs and desired profit margin.