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Author Question: "A competitive market achieves economic efficiency by maximizing the sum of consumer surplus and ... (Read 103 times)

j.rubin

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on: Oct 5, 2019

"A competitive market achieves economic efficiency by maximizing the sum of consumer surplus and producer surplus." This statement


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is true only if there are no positive or negative externalities in the market.


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is true only if there are positive externalities in production in the market.


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is true only if there are no negative externalities in the market.


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is true in theory, but economic efficiency cannot be achieved in a real market.

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Marked as best answer by j.rubin on Oct 5, 2019

guyanai

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Reply #1 on: Oct 5, 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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j.rubin

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Reply #2 on: Oct 5, 2019
Thanks


guyanai

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Reply #3 on: Oct 5, 2019
Welcome :)


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