Consumers' willingness to pay for a good minus the amount they actually pay for it equals
a. consumer surplus.
b. consumer benefit.
c. price discriminant.
d. deadweight loss.
a
Economics
You might also like to view...
The brewing industry is dominated by a small number of very large producers who sell a differentiated product. The market structure that best fits the brewing industry is probably
A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.
Economics
Which of the following is a source of market failure?
A. Private goods. B. Government intervention. C. Market power. D. None of the choices are correct.
Economics