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Loraine Loraine
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8 years ago
If the market for bicycles is efficient, then
A) no more bicycles can be produced.
B) marginal benefit exceeds marginal cost.
C) consumer surplus must be greater than producer surplus.
D) it is not possible to produce more bicycles without sacrificing another, more highly valued good.
E) consumer surplus must equal producer surplus.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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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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8 years ago
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Loraine Author
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8 years ago
this is exactly what I needed
gage
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Yesterday
Just got PERFECT on my quiz
novae
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2 hours ago
Thank you, thank you, thank you!
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