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Author Question: When ________ in a market, the total net benefit to society is maximized. A) deadweight loss is ... (Read 70 times)

jCorn1234

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on: Jun 29, 2018
When ________ in a market, the total net benefit to society is maximized.
 
  A) deadweight loss is maximized B) consumer surplus is minimized
  C) producer surplus is minimized D) a competitive equilibrium is achieved

Question 2

Individuals who have never been the best at doing anything
 
  A) cannot have a comparative advantage in producing any product.
  B) perform all tasks at a higher opportunity cost than others.
  C) can still have a comparative advantage in producing some product.
  D) must have an absolute advantage in at least ones task.


olderstudent

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

D

Answer to Question 2

C


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