Consumer−producer rivalry occurs because of:
A) consumers' high valuation and producers' low production cost of a good.
B) producers' high production cost and consumers' low valuation of a good.
C) the competing interests of consumers and producers.
D) None of the statements associated with this question are correct.

Question

Quizplus · Accepted Answer

Consumer-producer rivalry is a result of the competing interests of consumers and producers. Consumers want to buy goods at a lower price, while producers want to sell goods at a higher price to make a profit. This creates a rivalry where the two groups have conflicting interests. Option A and B are incorrect because they do not accurately describe consumer-producer rivalry. Option D is incorrect because there is at least one correct answer.

Consumer−producer Rivalry Occurs Because Of