Can sales agents, such as realtors, generate economic surplus?
A)No, because the value of a product is based purely on the cost of producing it and not on who buys it.
B)No, because sales agents don't produce anything new.
C)Yes, but only if they work for free, otherwise they are a waste of resources.
D)Yes, because they help ensure that goods are purchased by consumers who value them the most highly.

Question

Quizplus · Accepted Answer

In a world of incomplete information, sales agents add economic value by increasing the extent to which goods and services find their way to the consumers who value them the most.

Can Sales Agents, Such as Realtors, Generate Economic Surplus