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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
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:
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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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More solutions for this book are available here
liasarkissian,  janethayes

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Loraine Author
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8 years ago
this is exactly what I needed
oscar520000
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Yesterday
Thanks for your help!!
deathDoUsPart
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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