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:

Same Latitude

Describes locations or points that share the same angular distance north or south of the Earth's equator, often measured in degrees.

Sunscreen

A lotion, spray, gel, or other topical product that absorbs or reflects some of the sun's ultraviolet (UV) radiation, helping protect against sunburn.

Argument By Analogy

A form of reasoning where a similarity between two different things is used to draw a conclusion or make a point about one of them.

Similarity

The state or fact of being similar; resemblance or likeness in qualities, characteristics, or appearance.