Creating a Market That Was Previously "Missing

question 64

Multiple Choice

Creating a market that was previously "missing":

• A)redistributes surplus from buyer to seller.
• B)redistributes surplus from seller to buyer.
• C)redistributes surplus from one market to the one that was previously missing.
• D)creates more total surplus.

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Definitions:

Rationality

The quality of being based on or in accordance with reason or logic.

Functional Structures

An organizational design that groups employees according to their specialized roles or functions, facilitating efficiency and expertise development.

Cost Containment

Strategies or measures implemented to control or reduce expenses within an organization or project.

Environmental Changes

Environmental changes are alterations in the natural world, including climate change, pollution, deforestation, and loss of biodiversity, impacting ecosystems and human societies.