Maximizing total surplus in a market depends on the amount of the good that is bought and sold in addition to:
A)what consumers do with the good.
B)the productivity of sellers.
C)who buys and sells the good.
D)None of these are true.

Question

Quizplus · Accepted Answer

Maximizing total surplus depends on the efficient allocation of resources, which involves who buys and sells the good, ensuring that those who value it most highly are the ones who purchase it, and those who can produce it at the lowest cost are the ones who sell it.

Maximizing Total Surplus in a Market Depends on the Amount