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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 equilibrium with no externalities, taxes, subsidies, public goods, common resources, or high transactions costs, which of the following occurs?
i.   an efficient outcome
ii.   definitely a fair outcome when judged by the fair-results approach
iii.   marginal cost equals marginal benefit
iv.   producer surplus equals consumer surplus
A) i and iii
B) i, ii and iii
C) ii and iii
D) i, ii, iii and iv
E) only i
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
this is exactly what I needed
Fanmkreyol
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Yesterday
You make an excellent tutor!
wyq2651
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2 hours ago
Helped a lot
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