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 64 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?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
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 ...
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Blueberry bees (Osmia ribifloris) are efficient pollinators of a variety of plants, including this b Blueberry bees (Osmia ribifloris) are efficient pollinators of a variety of plants, including this b
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library