The Senate, the legislature of the fictional country of Romange, is considering legislation that will generate benefits of $30 million and costs of $34 million. For perspective, Romange's population is 50 million. Passing the legislation is , and if everyone in Romange shared equally in both its benefits and its costs, the Senate will vote the legislation. If the costs of the legislation are concentrated among a few people instead of widespread among the population, those people will be willing to spend up to lobbying the Senate against the legislation. (Note: Assume that the benefits are widespread; therefore, you can ignore them in the calculations of the few who experience the costs.) The more widely spread are the benefits of the legislation, the is the likelihood of lobbying for the legislation by those who will incur its benefits. Suppose that, as before, the costs of the legislation are concentrated among a small group, but the benefits of the legislation are concentrated among another small group, and the Senate is responsive to lobbying. The people who will benefit from the legislation will be willing to spend on lobbying up to , in which case the Senate will likely vote the legislation.

Passing the legislation is INEFFICIENT, and if everyone in Romange shared equally in both its benefits and its costs, the Senate will vote AGAINST the legislation.

If the costs of the legislation are concentrated among a few people instead of widespread among the population, those people will be willing to spend up to 34 MILLION lobbying the Senate against the legislation.

The more widely spread are the benefits of the legislation, the LOWER is the likelihood of lobbying for the legislation by those who will incur its benefits.

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the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.