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Loraine Loraine
wrote...
Posts: 4563
9 years ago
Which of the following occurs when a market is efficient?
A) Consumer surplus equals producer surplus.
B) Consumer surplus is as large as possible.
C) Producer surplus is as large as possible.
D) The sum of consumer surplus and producer surplus is maximized.
E) The marginal benefit exceeds the marginal cost by as much as possible.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 352 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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Posts: 3807
9 years ago
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Loraine Author
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9 years ago
Thanks
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Yesterday
Helped a lot
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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