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Author Question: In a competitive market with no externalities, (Read 73 times)

magmichele12

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on: May 24, 2019
In a competitive market with no externalities,
◦ the consumer surplus is equal to zero because of competition.
◦ buyers cannot control the price, so the consumer surplus is zero.
◦ at the equilibrium price, marginal benefit exceeds marginal cost.
◦ at the equilibrium price, marginal benefit equals marginal cost.
◦ at the equilibrium price, the total amount of consumer surplus equals the total amount of producer surplus.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by magmichele12 on May 24, 2019

jointhecircus

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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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magmichele12

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

dawsa925

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Reply 3 on: Yesterday
Excellent

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