The Creation of Markets That Were Previously "Missing

question 82

Multiple Choice

The creation of markets that were previously "missing":

• A) can create winners and losers.
• B) increases total surplus.
• C) benefits those who interact in the new markets.
• D) All of these are true.

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Definitions:

Numerator

The top number in a fraction that indicates how many parts of a whole are being considered.

Kilo-

A prefix in the metric system denoting a factor of one thousand.

Ounce

A unit of weight in the avoirdupois system, equal to 1/16 of a pound or approximately 28.35 grams.

Abbreviation

A shortened form of a word or phrase used to simplify written and verbal communication.