Better information about consumers' reservation prices generally leads to:
A)a reduction in producer surplus.
B)acquisition of goods by consumers who are willing to pay the highest price.
C)equitable distribution of goods among low income consumers.
D)acquisition of goods by consumers with the greatest need.

Question

Quizplus · Accepted Answer

Having information about buyers' reservation prices enables sellers to sell items to those who are willing to pay the highest price.

Better Information About Consumers' Reservation Prices Generally Leads To