At equilibrium in a market for a product. the total revenues received by sellers equal the

At equilibrium in a market for a product, the total revenues received by sellers equal the Multiple Choice market producer surplus. total amount spent by buyers on the product. total profit of sellers. market consumer surplus. At equilibrium in a market for a product, the total revenues received by sellers equal the Multiple Choice market producer surplus. total amount spent by buyers on the product. total profit of sellers. market consumer surplus.

# The answer is (B)
At the market equilibrium level, the total revenue
collected by the seller is equal to the total amount spend by the
buyers on that good or service.
Also at equilibrium level, the marginal revenue is equal
to Marginal cost of the product.
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