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Author Question: The diagram below shows demand and supply curves for some perfectly competitive market.FIGURE ... (Read 113 times)

shanell

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on: Oct 12, 2022

The diagram below shows demand and supply curves for some perfectly competitive market.



FIGURE 16-2

Refer to Figure 16-2. Suppose the marginal benefit curve (MB) includes all social benefits and there are no externalities in production. In this case, ________ for allocative efficiency.


◦ the price P1 is appropriate but the quantity Q1 is too low
◦ the price P1 is appropriate but the quantity Q1 is too high
◦ the price P1 is too low but the quantity Q1 is appropriate
◦ the price P1 is too high but the quantity Q1 is appropriate
◦ P1 and Q1 are appropriate
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by shanell on Oct 12, 2022

ElaneShive

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Reply #1 on: Oct 12, 2022
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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This really is helpful if you have clipped a ton of coupons will all be in one place so you're not paying a lot of time uncovering them. homesite

shanell

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Wow, this really help

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