The sum of all the net benefits received by the parties to a transaction is called
A) consumer surplus.
B) producer surplus.
C) cooperative surplus.
D) deadweight loss.
C
Economics
You might also like to view...
What is the difference between income and wealth?
What will be an ideal response?
Economics
Market failures
A) prevent the price system from attaining economic efficiency. B) result in quantities and prices that are socially desirable. C) strengthen economic efficiency by forcing unprofitable firms to close. D) weaken the argument for government intervention in the economy.
Economics