This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A competitive market with no externalities is efficient when it is in equilibrium because (Read 63 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
on: May 24, 2019
A competitive market with no externalities is efficient when it is in equilibrium because
◦ total benefit equals total cost.
◦ marginal benefit equals marginal cost.
◦ consumer surplus equals producer surplus.
◦ the sum of consumer surplus plus producer surplus is minimized.
◦ the deadweight gain equals its maximum.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mspears3 on May 24, 2019

frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
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.
Answer Preview
Only 25% of students answer this correctly


mspears3

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: May 24, 2019
Thanks


frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
Video: Osteoporosis

For a complete list of videos, visit our video library