The benefit to buyers of participating in a market is measured by
a. the price elasticity of demand.
b. consumer surplus.
c. the maximum amount that buyers are willing to pay for the good.
d. the equilibrium price.
b
Economics
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A country that shows a deficit in its financial account is a net creditor to the rest of the world
a. True b. False Indicate whether the statement is true or false
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When a firm acquires another,
A) the acquired firm suffers a winner's curse. B) the acquiring firm may suffer a winner's curse. C) neither firm suffers from a winner's curse. D) a winner's curse only applies if a patent is lost.
Economics