The Creation of Markets That Were Previously "Missing

question 20

Multiple Choice

The creation of markets that were previously "missing":

• A)increases economic well being.
• B)increases total surplus.
• C)benefits those who interact in the new markets.
• D)All of these are true.

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Definitions:

Gross Returns

The total amount of money earned from an investment before any deductions are made for expenses or losses.

Partnership Evidence

This term is unclear in this context and may not specifically refer to a well-defined legal or business concept. NO.

Profits and Losses

Financial terms representing the positive and negative financial results of a business's operations, respectively.

Firm Manager

A firm manager is an individual responsible for overseeing the administrative operations, managing staff, and ensuring the efficient running of a firm or business.