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Author Question: In a competitive market when there is no deadweight loss A) consumer surplus is minimized. B) ... (Read 158 times)

joe

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on: Jun 29, 2018
In a competitive market when there is no deadweight loss
 
  A) consumer surplus is minimized.
  B) producer surplus is minimized.
  C) consumer surplus plus producer surplus is maximized.
  D) consumer surplus plus producer surplus is minimized.

Question 2

Refer to Table 9-2. Select the statement that accurately interprets the data in the table.
 
  A) Gabriel has a comparative advantage in baking pies and baking cakes.
  B) Gabriel has an absolute advantage in baking cakes.
  C) Gabriel has a comparative advantage in baking pies.
  D) Sarita has a comparative advantage in baking pies.


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tashiedavis420

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


joe

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Reply #2 on: Jun 29, 2018
Correct answers!


tashiedavis420

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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