When consumers go to grocery stores to buy their turkeys for Thanksgiving din- producer surplus
ner, they may be disappointed that the price of turkey is as high as it is. At the
same time, when farmers bring to market the turkeys they have raised, they wish
the price of turkey were even higher. These views are not surprising: Buyers always
want to pay less, and sellers always want to get paid more. But is there a
“right price” for turkey from the standpoint of society as a whole?
ner, they may be disappointed that the price of turkey is as high as it is. At the
same time, when farmers bring to market the turkeys they have raised, they wish
the price of turkey were even higher. These views are not surprising: Buyers always
want to pay less, and sellers always want to get paid more. But is there a
“right price” for turkey from the standpoint of society as a whole?
No comments:
Post a Comment