The Sum of Consumers' Surplus and Producers' Surplus Is Maximized

question 41

True/False

The sum of consumers' surplus and producers' surplus is maximized at equilibrium.

---

Definitions:

Sexual Harassment

Sexual harassment is unwelcome or inappropriate sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature.

Equal Employment Opportunity Commission

A federal agency that enforces laws prohibiting workplace discrimination.

Bona Fide Occupational Qualification

A legitimate requirement for a particular job that allows for discrimination that is otherwise illegal when it is reasonably necessary to the normal operation of that particular business or enterprise.

Pregnancy-Based Discrimination

Unfair treatment or discrimination in the workplace based on pregnancy, childbirth, or related medical conditions, which is illegal under various laws.