Post by: HCHenry on May 24, 2019
The figure above shows the t-shirt market. The t-shirt market produces an efficient outcome at a quantity equal to
◦ 30,000 because total surplus is maximized.
◦ 20,000 because consumer surplus is greater than producer surplus.
◦ 20,000 because producer surplus is greater than consumer surplus.
◦ 10,000 because marginal benefit exceeds marginal cost.
◦ 10,000 because marginal cost exceeds marginal benefit.
Post by: rekilledagain on May 24, 2019
Post by: HCHenry on May 24, 2019
Post by: rekilledagain on May 24, 2019
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