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Title: Which of the following statements is true of competitive market equilibrium? Post by: whipped on May 22, 2017 Which of the following statements is true of competitive market equilibrium?
A) The determination of equilibrium price and quantity is independent of the demand for goods. B) Social surplus is minimized at the competitive equilibrium. C) At the competitive equilibrium, there are no unexploited gains from trade. D) A competitive equilibrium is determined only by a few large sellers in the market. Title: Re: Which of the following statements is true of competitive market equilibrium? Post by: Simpleman on May 22, 2017 Content hidden
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