Which row contains two correct statements?
- Aconsumer surplus: the value that consumers gain from consuming a good over and above the value that would have been gained from consuming the next best alternative; producer surplus: the difference between the actual revenue received by firms for a good and the profit maximising revenue
- Bconsumer surplus: the value that consumers gain from consuming a good over and above the price paid; producer surplus: the difference between the price received by firms for a good or service and the price at which they would have been prepared to supply that good
- Cconsumer surplus: the value that consumers gain from consuming a good over and above the price paid; producer surplus: the difference between the actual revenue received by firms for a good and the profit maximising revenue
- Dconsumer surplus: the value that consumers gain from consuming a good over and above the value that would have been gained from consuming the next best alternative; producer surplus: the difference between the price received by firms for a good and the price at which they would have been prepared to supply that good