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When there is market failure so that a market produces less than the efficient amount,

Loraine

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8 years ago

When there is market failure so that a market produces less than the efficient amount,

When there is market failure so that a market produces less than the efficient amount,
A) consumer surplus definitely is larger than when the efficient quantity is produced.
B) the sum of producer surplus and consumer surplus is larger than when the efficient quantity is produced.
C) there is a deadweight loss.
D) consumers definitely lose and producers definitely gain.
E) consumers definitely gain and producers definitely lose.

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 204 times

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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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Loraine Author

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8 years ago

Thanks

jcarter

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

jblazah

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2 hours ago

Just got PERFECT on my quiz

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