An organization that brings together the factors of production is called

The figure above represents the competitive market for slices of key lime pie. When the price is $3, the total producer surplus equals

A) $0. B) $60. C) $90. D) $120. E) None of the above answers is correct.

What are the four main limitations of GDP accuracy?

(D) Depreciation, price level, distortion, and underground economy. (B) Nonmarket activities, underground economy, negative externalities, and quality of life. (C) Durable good, nondurable good, black market, and negative externalities. (D) Trough, peak, recession, and depression.