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Author Question: A competitive market with no externalities is efficient when it is in equilibrium because (Read 73 times)

mspears3

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on: May 24, 2019
A competitive market with no externalities is efficient when it is in equilibrium because
◦ total benefit equals total cost.
◦ marginal benefit equals marginal cost.
◦ consumer surplus equals producer surplus.
◦ the sum of consumer surplus plus producer surplus is minimized.
◦ the deadweight gain equals its maximum.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by mspears3 on May 24, 2019

frankwu0507

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Reply #1 on: May 24, 2019
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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mspears3

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Reply #2 on: May 24, 2019
Thanks


frankwu0507

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Reply #3 on: May 24, 2019
Welcome :)


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