The difference between opportunity cost of the sellers and the valuation of the buyers is known as:
A)social cost.
B)economic value.
C)deadweight loss.
D)consumer surplus.

Question

Quizplus · Accepted Answer

Economic value often refers to the difference between the opportunity cost for sellers and the valuation by buyers, capturing the benefit or value created in transactions.

The Difference Between Opportunity Cost of the Sellers and the Valuation