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Author Question: If a market produces a level of output that exceeds the competitive equilibrium output, then A) ... (Read 46 times)

pragya sharda

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on: Jul 1, 2018
If a market produces a level of output that exceeds the competitive equilibrium output, then
 
  A) social welfare will be higher.
  B) producer surplus will be higher.
  C) marginal cost will exceed price.
  D) All of the above.

Question 2

A competitive market maximizes social welfare because in a competitive market,
 
  A) profits are zero.
  B) price equals marginal cost of the last unit produced.
  C) price equals average cost of the last unit produced.
  D) there is free entry and exit.
Microeconomics ¦ Perloff ¦ 8th Edition
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carojassy25

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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pragya sharda

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

bitingbit

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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