The primary goal of a seller is to ________.

Question

Quizplus · Accepted Answer

The primary goal of a seller is to maximize profits. Deadweight loss, opportunity cost, and consumer surplus are important concepts in economics, but they are not the primary goal of a seller. Deadweight loss refers to the inefficiencies in the market, opportunity cost is the cost of choosing one option over another, and consumer surplus is the difference between what a customer is willing to pay and what they actually pay. However, a seller's primary goal is to maximize profits, which is achieved by selling goods or services at the highest possible price while keeping costs as low as possible.

The Primary Goal of a Seller Is to ________