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Author Question: If the market for bicycles is efficient, then (Read 40 times)

stephzh

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on: May 24, 2019
If the market for bicycles is efficient, then
◦ no more bicycles can be produced.
◦ marginal benefit exceeds marginal cost.
◦ consumer surplus must be greater than producer surplus.
◦ it is not possible to produce more bicycles without sacrificing another, more highly valued good.
◦ consumer surplus must equal producer surplus.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by stephzh on May 24, 2019

vickybb89

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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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stephzh

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

dreamfighter72

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Reply 3 on: Yesterday
Excellent

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