Maximizing surplus in a market depends not only on the amount bought and sold,but also on:
A)who buys and sells it.
B)what those consumers do with it.
C)how productive the sellers are.
D)None of these statements is true.

Question

Quizplus · Accepted Answer

Maximizing surplus in a market depends not only on the quantity of goods exchanged, but also on who buys and sells them. Factors such as the market power of buyers and sellers, their bargaining power, and asymmetry of information can affect the allocation of surplus between them. Therefore, analyzing the distribution of surplus is important for understanding the efficiency and equity of market outcomes. Options B and C might have some relevance, but they are not central to the question of maximizing surplus in a market. Option D is false.

Maximizing Surplus in a Market Depends Not Only on the Amount