Any Attempt to Capture a Consumer Surplus, a Producer Surplus

question 71

Multiple Choice

Any attempt to capture a consumer surplus, a producer surplus, or an economic profit is called

• A) profit-maximizing.
• B) rent-seeking.
• C) price discriminating.
• D) efficiency gain.

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Definitions:

Code of Ethics

A document outlining a set of principles and rules designed to guide decision making and conduct within an organization.

Social Issues

Topics of concern related to the societies or communities in which people live, often referring to matters of inequality, justice, and welfare.

Formal Statement

An official, written declaration of a company's policies, goals, or positions on specific issues.

Tie-In Sales

A sales tactic where the purchase of one product is linked to the purchase of another product, often as a bundle or prerequisite.