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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
Which of the following is true? When there are no externalities, public goods, common resources, taxes or subsidies, then
i.   allocative efficiency occurs when marginal benefit exceeds marginal cost by as much as possible.
ii.   an a competitive equilibrium, resource allocation is efficient.
iii.   fair rules require income transfers from the rich to the poor.
A) only ii
B) only i
C) only iii
D) i and ii
E) i and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 494 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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SydnieSydnie
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#1
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9 years ago
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More solutions for this book are available here
liasarkissian,  janethayes

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Loraine Author
wrote...

9 years ago
Thanks for your help!!
lubennick
wrote...

Yesterday
Good timing, thanks!
ediblefruitz
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2 hours ago
Smart ... Thanks!
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