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>Do car dealers create value for car makers Both - read about consumer and producer surplus in econ. > The way revenue is measured seems to imply .... Revenu
by ChrisLomont 6y ago
>Do car dealers create value for car makers
Both - read about consumer and producer surplus in econ.
> The way revenue is measured seems to imply ....
Revenue estimates how much buyers were willing to pay for the product, but each buyer retains their surplus, so revenue undercounts the value to the buyers. But it's a decent representation of value added.