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Other Fields Homework Help Economics Topic started by: Gideon123 on Jul 22, 2019



Title: A price equal to the free market equilibrium price is efficient because the willingness to pay by ...
Post by: Gideon123 on Jul 22, 2019
A price equal to the free market equilibrium price is efficient because the willingness to pay by someone to consume an additional unit ________ the marginal cost to someone for producing that unit.

▸ exceeds

▸ equals

▸ is less than

▸ None of the above; efficiency is defined in terms of natural resources, not market equilibrium.


Title: A price equal to the free market equilibrium price is efficient because the willingness to pay by ...
Post by: mnp2357 on Jul 22, 2019
equals


Title: A price equal to the free market equilibrium price is efficient because the willingness to pay by ...
Post by: Gideon123 on Jul 22, 2019
Thanks