The creation of markets that were previously missing:
A) can create winners and losers.
B) increases total surplus.
C) benefits those who interact in the new markets.
D) All of these are correct.

Question

Quizplus · Accepted Answer

The creation of new markets can lead to winners and losers as some may benefit from the new opportunities while others may face increased competition. However, it typically increases total surplus as it allows for more efficient allocation of resources and increases competition. Finally, the creation of new markets benefits those who interact in these markets as they now have more options and opportunities available to them.

The Creation of Markets That Were Previously Missing