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Loraine Loraine
wrote...
Posts: 4563
8 years ago
When efficiency is attained, the consumer surplus
A) must be larger than the producer surplus.
B) must be smaller than the producer surplus.
C) must equal the producer surplus.
D) can be either smaller than or larger than but cannot equal the producer surplus.
E) can be smaller than, equal to, or larger than the producer surplus.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 2232 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
SydnieSydnie
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Posts: 3807
8 years ago
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wrote...
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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