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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
A price support leads to inefficiency because
A) output is more than the efficient, equilibrium quantity.
B) the marginal benefit of the last unit produced is larger than the marginal cost.
C) the price charged is less than the equilibrium price.
D) producer surplus is less than consumer surplus.
E) producers must pay a subsidy to the government.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 447 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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VincenzoDVincenzoD
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9 years ago
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Loraine Author
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9 years ago
Correct Slight Smile TY
Fanmkreyol
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Yesterday
Thanks
veronee_madison
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2 hours ago
this is exactly what I needed
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