The difference between the price the consumer is willing to pay ...

[Zoey63294]

The difference between the price the consumer is willing to pay for a good or service and what he would have to pay for that unit is called:
 a. the total gains from trading that unit.
  b. the gain in producer surplus.
 c. the gain in consumer surplus.
 d. the total surplus.

Question 2

The theory that private negotiations have the potential to make some people better off without making anyone worse off when negative externalities are present is known as:
 a. the Negative Externality Theorem.
  b. the Sexton Theorem.
 c. the Coase Theorem.
 d. the Abatement Theorem.

[TDubDCFL]

Answer to Question 1

c

Answer to Question 2

c

[Zoey63294]

Gracias!

[tandmlomax84]

TYSM