Creating a market that was previously "missing":
A) redistributes surplus from buyer to seller.
B) creates more total surplus.
C) redistributes surplus from seller to buyer.
D) redistributes surplus from one market to the one that was previously missing.

Question

Quizplus · Accepted Answer

Creating a market that was previously missing can create more total surplus because it opens up opportunities for buyers and sellers to engage in trade that they were not able to before. This increased activity can lead to a more efficient allocation of resources and an overall increase in economic welfare.

Creating a Market That Was Previously "Missing