The net loss of total surplus that results from the misallocation of resources is referred to as ______.

Refer to Table 4-3. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $30, producer surplus is

A) $0. B) $16. C) $52. D) $68.

Profit is a guaranteed return to the entrepreneur

Indicate whether the statement is true or false