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 74 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?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ... With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ...
Modern commercial fishing is highly efficient Modern commercial fishing is highly efficient
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ... What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ...
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Virtual Enzyme Kinetics & Lineweaver Burk Plot

For a complete list of videos, visit our video library