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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
At a competitive market equilibrium, if there are no taxes, subsidies, price regulations, quantity regulations, or externalities,
i.   consumer surplus is minimized.
ii.   marginal cost equals marginal benefit.
iii.   resources are efficiently used.
iv.   producer surplus is minimized.
A) ii and iii
B) i and ii
C) i and iv
D) i, ii, iii, and iv
E) ii only
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
You make an excellent tutor!
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this is exactly what I needed
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