Consumer surplus is a good measure of economic welfare if policymakers want to

a. maximize total benefit.
b. minimize deadweight loss.
c. respect the preferences of sellers.
d. respect the preferences of buyers.

d

Economics

You might also like to view...

Does a monopolist have a supply curve? Explain your answer

What will be an ideal response?

Economics

Explain how the expansion of winner-take-all markets can affect the degree of income inequality

Economics