The creation of markets that were previously "missing":
A) can create winners and losers.
B) increases total surplus.
C) benefits those who interact in the new markets.
D) All of these are true.

Question

Quizplus · Accepted Answer

The creation of markets that were previously "missing" can create winners and losers, increases total surplus, and benefits those who interact in the new markets. Creating new markets can lead to some people benefiting from the new opportunities and others losing out, but in the aggregate, it can increase the overall amount of goods and services exchanged, leading to higher total surplus. Ultimately, the benefits and costs of creating new markets depend on the specific context in which they are created.

The Creation of Markets That Were Previously "Missing