a. is the difference between the true value of a good and the amount a person is willing to pay for the good.
b. represents the maximum amount a person is willing to pay for a particular good.
c. is the difference between the current market price and the cost of production for the firm.
d. is the difference between the maximum amount a person is willing to pay for a good and its current market price.
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Home » Business » Consumer surplus: a. is the difference between the true value of a good and the amount a person is willing to pay for the good. b. represents the maximum amount a person is willing to pay for a particular good. c.