For social surplus to be maximized,the ________ buyers are actually making a purchase and the ________ sellers are selling the products.
A) lowest-value; highest-cost
B) highest-value; lowest-cost
C) highest-value; highest-cost
D) lowest-value; lowest-value

Question

Quizplus · Accepted Answer

In order to maximize social surplus, the buyers who are willing to pay the highest price (highest-value) should actually make the purchase, while the sellers who have the lowest cost of production (lowest-cost) should sell the product. This ensures that both buyers and sellers are benefiting and getting the maximum value. Therefore, choice B is the best answer.

For Social Surplus to Be Maximized,the ________ Buyers Are Actually