What will result if production is moved from a high-cost producer to a low-cost producer
A)lower total surplus
B)higher total surplus
C)lower producer surplus
D)higher producer surplus but lower consumer surplus

Question

Quizplus · Accepted Answer

Moving production from a high-cost producer to a low-cost producer will result in cost savings, which can lead to lower prices for consumers, higher profits for producers, and overall higher total surplus due to increased efficiency and competitiveness.

What Will Result If Production Is Moved from a High-Cost