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sammy [17]
3 years ago
5

Cameron visits a sporting goods store to buy a new set of golf clubs. He is willing to pay $750 for the clubs but buys them on s

ale for $575. Cameron's consumer surplus from the purchase is
Business
1 answer:
svetoff [14.1K]3 years ago
4 0

Answer:

$175

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay - price of the good

Consumer surplus = $750 -  $575 = $175

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The powerfull companies can make a product or service look bad (sabotage) or can change its prices to eliminate possible competitors from the market, they also have a huge share of the market so there are not many avilable new clients to gain.

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3 years ago
You are the CEO of a company that has to choose between making a $100 million investment in either Russia or Poland. Both invest
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