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Author Question: In an efficient market, deadweight loss is ____. a. maximum. b. minimum. c. constant. d. ... (Read 64 times)

frankwu

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on: Jun 30, 2018
In an efficient market, deadweight loss is ____.
 a. maximum. b. minimum.
  c. constant. d. zero.

Question 2

Suppose seller X is willing to sell one good X for 5, a second good X for 10, a third for 16, a fourth for 25, and the market price is 20 . What is seller X's producer surplus?
 a. 15 b. 20
  c. 22 d. 29


Perkypinki

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


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